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24 Aug 2009, 5:00 pm
Moreover, the proxy agreement itself carved out specific exceptions to the covenant against Merrill paying bonuses, says BoA's brief. [read post]
24 Aug 2009, 5:00 pm
Moreover, the proxy agreement itself carved out specific exceptions to the covenant against Merrill paying bonuses, says BoA's brief. [read post]
24 Aug 2009, 12:32 pm
Bank of America Corp (BAC.N) and the top U.S. securities regulator sought to persuade a judge to approve their $33 million settlement of a civil lawsuit over the lack of disclosure of billions of dollars of bonuses at Merrill Lynch & Co. [read post]
IN A DIFFERENT VOICEJustice O'Neill's recent announcement that she will not seek re-election in 2010 adds something of a parting-shot quality to her vigorous dissent to the Court's disrespect for precedent and for trial courts' traditional discretion in deciding whether or not to grant a new trial in the interest of justice. [read post]
21 Aug 2009, 9:27 pm by Jason M. Kueser
On August 20, Sara Hansard reported that a Freeport, Bahamas couple had filed a securities arbitration claim against Merrill Lynch. [read post]
20 Aug 2009, 4:00 am
Merrill Lynch, 694 F.2d 923 (2nd Cir. 1982) The Jones v. [read post]
19 Aug 2009, 9:11 pm
Merrill says that Wood was in "egregious breach of ethical standards" when he stole money from the sisters and came up with documents that were bogus to make the two women think that he was taking care of their investments. [read post]
19 Aug 2009, 9:16 am by attyrtamaradesilva
Market Transparency and Accountability Act of 2009 Misses the Mark R. [read post]
19 Aug 2009, 6:27 am
A cult followed, as other financial institutions like Bear Stearn, Lehman Brothers, Merrill Lynch and AIG used the Morgan technique and added the combustible element of subprime loans to the derivative and securitization approach. [read post]
17 Aug 2009, 7:31 am
Several large Wall Street firms that had underwriting operations, including Merrill Lynch & Co., Citigroup Inc., J.P. [read post]
17 Aug 2009, 3:21 am
Defendant Merrill Lynch (and Merrill Lynch Global Private Equity Inc.), purchaser, told Plaintiff that the deal could only go through financially if Plaintiff took a fee of $1.5 million rather than the $7.15 million that it would get under the existing broker fee agreement. [read post]
14 Aug 2009, 5:30 am
A cool Nigerian coder even once used the break-room hot plate to cook us all an authentic African ox-tail stew, which ended with a dessert course provided by raiding the partner's pantry freezer and ripping off a case of ice-cream sandwiches that were meant for some lame Merrill Lynch client meeting or whatever.Of course, the clients are billed regardless, since firms of this caliber are as immune to the ethics rules as Typhoid Mary was to disease. [read post]
13 Aug 2009, 9:36 am
The SEC had previously argued that the CEOs of Bank of America and Merrill, Ken Lewis and John Thain, respectively, had no knowledge of the bonus payouts. [read post]
13 Aug 2009, 1:02 am
Foundation Sues Merrill Lynch for $30 Million Over Madoff Investments Daily Business Review A complaint by a Florida-based foundation seeking $30 million in damages from Merrill Lynch claims the Wall Street financial advisory firm was taken in by Bernard Madoff at a face-to-face meeting months before his investment empire collapsed in fraud. [read post]
12 Aug 2009, 4:51 pm
FINRA also announced that it was suspending five Merrill Lynch brokers for 15 days. [read post]
12 Aug 2009, 10:15 am
Readers will recall that many Merrill Lynch brokers were faced with the choice of remaining at Merrill and taking something less than one times trailing 12 to stay, or leaving Merrill and taking something more [read post]
12 Aug 2009, 5:13 am
Under the agreement announced Aug. 3, Bank of America would pay $33 million to settle charges by the SEC that it lied to shareholders about billions of dollars in bonuses promised to Merrill Lynch executives. [read post]