Bank of America’s inclusion of tracking stocks in
its contingency plan requested by the Federal Reserve is the
first mention of the security in a long time. But attorneys say
it does not herald its return
Tracking stocks were a popular way for a company to
raise liquidity and bolster balance sheet equities in 1990s.
But accounting regulations and corporate governance oversight
have made them less practical in recent years.
The Sarbanes-Oxley Act made it...