Saturday, December 29, 2007

Ex-First Republic investors sue Merrill Lynch (Reuters)



A Merrill Lynch office building is seen in Great Neck, New York, October 30, 2007. Merrill Lynch  and  Co was sued on Friday by former shareholders of First Republic Bank, who accused the company of hiding billions of dollars in losses related to subprime mortgages while the companies' merger was pending. (Shannon Stapleton/Reuters)Reuters - Former First Republic Bank
shareholders sued Merrill Lynch & Co on Friday accusing
the Wall Street investment bank and brokerage of hiding
billions of dollars of losses related to subprime mortgages
while the companies' merger was pending.




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