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Strategies & Market Trends : Take the Money and Run

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To: MulhollandDrive who wrote (1627)6/3/2002 5:31:02 PM
From: SmoothSail   of 17639
 
From the NY Post:

Look out Henry Blodget - Manhattan District Attorney Robert Morgenthau could be knocking on your door next.

While Merrill Lynch has settled charges with New York Attorney General Eliot Spitzer, sources close to the investigations revealed the DA is also looking at the individuals named by Spitzer in his investigation.

"We are sharing any and all information [with them]," said the source at the AG's office.

Henry Blodget, Justin Baldauf, Kirsten Campbell, Virginia Syer Genereux, Sofia Chachem, Thomas Mazzucco, Edward McCabe and Deepak Raj, former or current analysts at Merrill, were all named by Spitzer's office and are free from further prosecution from the AG after yesterday's settlement.

But e-mails from Blodget and his crew showing they gave high ratings to companies' stocks in order to get or retain investment banking business could be used in the 28 class action lawsuits still pending and criminal charges could still be in the works.
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