(New York Times) — New York State is suing Bank of America and its Merrill Lynch unit over the companies’ merger and Merrill’s subprime mortgage issues. The New York State comptroller,Thomas P. DiNapoli, filed two lawsuits on Thursday in Federal District Court in Manhattan to recover losses suffered by the $132.5 billion state pension fund, which he […]
(USA Today) — The CEOs of United and Continental were in Washington this afternoon, trying to convince a Congressional panel that a merger of the airlines would be good for the industry without hurting consumers’ interests. The Wall Street Journal reports from the scene, writing “United’s Glenn Tilton and Continental’s Jeffery Smisek repeatedly said the […]
Shareholder lawsuits, unfortunately, signify the cost of being a player in the mergers and acquisitions market.
These days there‘s much debate about whether or not the economic crisis is finally coming to an end.