Claims on Behalf of Enron Shareholders Against Merrill Lynch
New Round Of Claims Against Merrill Lynch. Parker & Waichman, LLP announces that it has been retained by additional plaintiffs and that they will soon file a new round of claims against Merrill Lynch on behalf of current and former Enron Corporation shareholders. These plaintiffs purchased shares of Enron as a result of … [Read more...] about Claims on Behalf of Enron Shareholders Against Merrill Lynch
Merrill Lynch Bankers Charged In Enron Fraud
Four former high-ranking Merrill Lynch bankers were on Monday charged with helping Enron commit securities fraud, marking the first time that US regulators have brought charges against individual bankers for assisting the failed energy company. The Securities and Exchange Commission said on Monday that Thomas Davis, a former … [Read more...] about Merrill Lynch Bankers Charged In Enron Fraud
Allegheny Energy Sues Merrill Lynch Over Purchase of Energy Trading Unit
Merrill Lynch Fallout From The Enron Scandal. Allegheny Energy Inc. and Merrill Lynch & Co. are accusing each other in separate lawsuits of trying to avoid fallout from the Enron scandal. Allegheny, based in Hagerstown, sued the nation's largest brokerage Wednesday over the utility's purchase last year of Merrill's energy trading … [Read more...] about Allegheny Energy Sues Merrill Lynch Over Purchase of Energy Trading Unit
Merrill Lynch Sued Over Trading Unit
Deals Between Merrill Lynch and Enron Corp. Allegheny Energy Inc. filed a $1 billion damage suit against Merrill Lynch and Co. yesterday, contending that it overpaid for a Merrill Lynch energy-trading operation last year because of alleged sham deals between Merrill Lynch and Enron Corp. In its suit, the Maryland energy company … [Read more...] about Merrill Lynch Sued Over Trading Unit
Korean Watchdog Investigates Merrill Lynch
Merrill Lynch Is Under Investigation. Merrill Lynch, the US investment bank, is under investigation by South Korea's financial regulator as part of a widening probe by Seoul into alleged leaking of market-sensitive information from securities analysts to clients. The probe, which comes three months after Merrill was … [Read more...] about Korean Watchdog Investigates Merrill Lynch
Report: Enron, Merrill Lynch In Sham Power Deal
Enron And Merrill Lynch Sham Power Deal. Enron Corp. and its banker, financial services giant Merrill Lynch & Co. Inc., hastily contrived a complex deal of energy trades that enabled Enron to meet profit expectations in late 1999, triggered significant bonuses for Enron executives and earned Merrill Lynch dlrs 8 million … [Read more...] about Report: Enron, Merrill Lynch In Sham Power Deal
Former Merrill Lynch Executive Invokes 5th Amendment Before Senate Panel
Merrill Lynch Executive Invoked Their Amendment. A former Merrill Lynch & Co . executive and another current executive invoked their Fifth Amendment right to avoid self-incrimination in testimony before a Senate panel Tuesday. Former Merrill Lynch Managing Director Robert Furst and current Managing Director Schuyler … [Read more...] about Former Merrill Lynch Executive Invokes 5th Amendment Before Senate Panel
Merrill Lynch Told To Reform
Merrill Lynch Reform Its Business Practices. Merrill Lynch, one of the oldest and largest US investment firms, has been ordered to reform its business practices after being accused of giving advice that hurt clients but enriched the company. New York State-Attorney General Eliot Spitzer said he got a court order after a 10-month … [Read more...] about Merrill Lynch Told To Reform
Why Merrill Lynch Is Bullish
Merrill Lynch Misleading Stock Ratings. The company's analysts issued misleading stock ratings to lure business. No one was more bullish on the dot.com stocks than Merrill Lynch. Even when less-sophisticated market-watchers started wondering whether the Internet company stocks were dangerously overpriced, the famed Wall Street … [Read more...] about Why Merrill Lynch Is Bullish
Merrill Lynch’s E-Mail Mess
Merrill Lynch's Analyst Private Comments. If the dotcom bust and the Enron debacle weren't enough to make you raise a skeptical eyebrow at Wall Street practices, Henry Blodget's e-mails may do the trick. The former Merrill Lynch Internet analyst's private comments about stocks he publicly touted came to light this week in an … [Read more...] about Merrill Lynch’s E-Mail Mess
Brokerage Probe Widens
Major Brokerage Firms Are Being Investigated. In addition to Merrill Lynch, the state of New York is investigating a wide number of major brokerage firms, including Goldman Sachs, Salomon Smith Barney and Morgan Stanley, for possibly issuing misleading stock ratings, CNNfn has learned. A source familiar with the situation told … [Read more...] about Brokerage Probe Widens
N.Y. Attorney General Requires More Disclosure From Merrill Lynch
Merrill Lynch Advice Was Tainted. The New York state attorney general obtained a court order on Monday requiring Merrill Lynch to disclose conflicts of interest between its research and investment banking businesses after an investigation by the office concluded that the firm's advice was tainted. "This was a shocking betrayal of … [Read more...] about N.Y. Attorney General Requires More Disclosure From Merrill Lynch
