Word: lynching
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Dates: during 1990-1999
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...University's decision started to look more reasonable this week, as a federal judge rejected Merrill Lynch's first attempt to short-circuit the case...
...lawsuit, filed in November, charges that Merrill Lynch "misrepresented" the fiscal condition of the Lomas Financial Corporation, a financial house based in Texas...
...Merrill Lynch's Advice to Harvard...
According to Harvard's outside counsel Richard W. Renehan, Merrill Lynch advised Harvard that the Lomas stock was "as liquid as commercial paper" and of "investment grade." Harvard listened, and sunk $45 million into the company's "preferred" stock...
Harvard was smarting from the loss--which amounted to one percent of its total endowment--and sent its lawyers after Merrill Lynch for triple damages. Those lawyers say Merrill Lynch intentionally kept Harvard unaware of important information in order to further its own interests...