Bank of America Corp. had hardly settled a major lawsuit related its takeover of Merrill Lynch & Co. when it was hit with a new one Thursday.

New York Attorney General Andrew Cuomo sued the company, former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price for defrauding investors and the government when buying Merrill. The suit said they did not disclose about $16 billion of losses Merrill had incurred before it was bought by B of A in an effort to get the merger approved. Afterward, Lewis demanded government bailout funds, Cuomo said.

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