Auric Goldfinger's Short List Message Board

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Non-Tech : Auric Goldfinger's Short List

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To: patron_anejo_por_favor who wrote (9614)	4/10/2002 11:14:00 AM
From: Bob Kim	Read Replies (1) of 19428

<<Anyone else think this call (on a tiny, clearly marginal client) was planned in advance by MER's legal department to give them an "out" in case they were sued for the very sort of manipulation they're now being accused of?>> I doubt there was any plan by the legal dept. Besides, the head of research compliance (who also happens to be a lawyer) seemed disturbed about the downgrade in the NY AG's affidavit. In the haste to put out a response, I think ML may have unintentionally backed itself into a corner by defending the GoTo downgrade as the right call. If it was so right, why was ML trying so hard to get the underwriting business for a stock it felt should be downgraded? Here's a link to the WSJ GoTo story from last June. Message 15938748

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