Word: settlement
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...interest picked up the following month when he learned that Merrill Lynch had settled promptly and magnanimously with a New York City pediatrician who charged that his $1.2 million portfolio had been nearly wiped out by Blodget's allegedly tainted boosterism for tech stocks, including InfoSpace. The $400,000 settlement energized Spitzer. "I looked at that," he says, "and thought, There has got to be something there...
...fired. But Spitzer was not done. His office led an effort to subpoena e-mail from a dozen other investment banks. The cases were later parceled out for several other states to pursue: California got Deutsche Bank, for example; Massachusetts got CSFB. The SEC jumped in after the Merrill settlement, and Spitzer and the SEC's director of enforcement, Stephen Cutler, began working on a comprehensive deal to settle all 12 cases at once...
...like children in a sand box." He told them to settle at once or he would start bringing cases. At the end, he said, "Any questions?" The group was silent. Knowing that he had followed up on a similar threat to Merrill Lynch, the banks caved. Spitzer announced the settlement two days later, on Dec. 20. The banks agreed to pay a total of about $1.4 billion in fines and other penalties...
...Percentage of people polled who think a peaceful settlement is likely...
...least, the nation's second largest long-distance company has been able to hold on to the bulk of its big, valuable corporate and government accounts, though many such customers are exploring other options. It has also grabbed some local residential customers from the Baby Bells, reached a partial settlement with the SEC and built up a healthy cash reserve of close to $2 billion. Most important, it has lured former Compaq head and Hewlett-Packard president Michael Capellas to take on the reclamation project...