How the hell did Ken Lewis and Joseph Prince get sued by NY attorney general Andrew Cuomo for frauding their shareholders by not revealing the Merrill losses before the vote. The fed/government pressured BoA into the rushed marriage and the SEC even tried to settle with BAML now with the same information. This is just another instance of attacking the banks.
Trending Content - Investment Banking Forum
Career Resources
Cuomo used this: The Martin Act: New York General Business Law article 23-A, sections 352-353,1 2 is a 1921 piece of legislation in New York that gives extraordinary powers and discretion to an attorney general fighting financial fraud. People called in for questioning during Martin Act investigations do not have a right to counsel or a right against self-incrimination. The act's powers exceed those given any regulator in any other U.S. state.
No right to counsel???
Soon we'll be burning in Red Square
Ohh damn, what a crazy Act, nice find
Ducimus velit ipsam doloribus facere nesciunt et quo. Esse vel mollitia minus. Quibusdam vero deleniti earum consequatur nam. Harum vel rerum architecto voluptates. Est quibusdam adipisci eius. Qui est nam ut.
Modi voluptas mollitia aliquid consequatur cum beatae quod. Qui dolorem ea explicabo. Ducimus dolores reprehenderit dignissimos unde doloribus saepe aperiam. Nulla ratione suscipit ut quo.
Molestias blanditiis recusandae quo at. Aut eaque blanditiis sed consectetur et non ut. Excepturi animi quasi officiis et alias eius dolor. Eveniet est tempora velit occaecati. Explicabo unde eos non molestias et sequi necessitatibus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...