Martin Act Will Remain A Player, Even With New AG

By Shannon Henson (October 14, 2010, 1:59 PM EDT) -- Eliot Spitzer may be long gone from the office, but with two new candidates vying to be New York's attorney general, defense attorneys are still fighting back against one of Spitzer's favorite weapons, the Martin Act, and there appears to be no end in sight.

The powerful 1921 financial fraud law took center stage over the past decade, thanks in large part to Spitzer dusting it off to accuse Merrill Lynch & Co. Inc.'s stock analysts of having conflicts of interest.

After Spitzer won a $100 million settlement with the firm in 2002, he levied the Martin Act against the rest...

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