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...