Law360, New York (August 15, 2008, 12:00 AM ET) -- New York Attorney General Andrew Cuomo has leveled his stiffest warning yet at Merrill Lynch & Co. over its role in the collapse of the auction rate securities market.
In a conference call Friday announcing Wachovia Corp.'s settlement of ARS claims with state and federal regulators, Cuomo said that a lawsuit against Merrill Lynch was “imminent,” Dow Jones Newswires reported.
As other major investment banks, including JP Morgan Chase & Co. and Morgan Stanley, earlier this week reached record settlements with state and federal regulators in...
Cuomo Fires Shot Across Merrill's Bow
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