Word: tuesday
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...Tuesday, New York Law School sued BDO Seidman along with the fund it audited, Ascot Partners. Investors in Ascot, which was managed by GMAC chairman J. Ezra Merkin and invested all its money with Madoff, lost a reported $1.8 billion. New York Law School said its endowment fund had $3 million in Ascot. It's the first suit to name an accounting firm in connection with the Madoff case...
Yale's endowment—the second largest in higher education—has lost an estimated quarter of its value since June 30, plunging to $17 billion from $22 billion this summer, Yale officials said Tuesday...
Urging against a "possible overreaction," Levin wrote in a letter to faculty and administrators Tuesday that Yale would not implement hiring and salary freezes, which are already in place for certain Harvard faculties...
...interview with the Yale Daily News Tuesday, Levin said Yale would continue to move forward on its most important aims, though new fiscal realities would demand more budgetary discipline than in recent years, when the university could support "virtually every good idea that came along...
...Despite the success of Tuesday's sweep, there was one name missing from the list of those arrested: Matteo Messina Denaro, 46, a bespectacled multiple murderer with a reported weakness for sports cars, remains at large. If the Cupola does return, police say, Messina Denaro would be the unrivaled chairman of the board...