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IN BRIEF / BANKING

Ex-Exec at BofA Seeks $7.3 Million, Damages

November 13, 2003|From Reuters

A former Bank of America Corp. executive is seeking $7.3 million plus damages from the No. 3 U.S. bank, saying he was fired for complaining about questionable accounting practices and management behavior, his lawyer said.

Duncan Goldie-Morrison, the 48-year-old former head of the bank's global markets group, accused Bank of America of improperly accounting for junk bond and Latin American losses and ordering executives to make charitable and political contributions, the lawyer said.

Goldie-Morrison, who now works at hedge fund Ritchie Capital Management, filed his claim with NASD -- formerly the National Assn. of Securities Dealers -- which hears employment claims, said Sean O'Shea, Goldie-Morrison's lawyer.

A spokesman for Charlotte, N.C.-based Bank of America, said the bank had not seen Goldie-Morrison's filing.

From Reuters

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