New York attorney general news stories on Newser

Ernst & Young Hit With Civil Fraud Suit

Matt Cantor — Tue, 21 Dec 2010 11:01:11 CST

Andrew Cuomo filed a civil fraud lawsuit against Ernst & Young today, following reports that the company allegedly helped Lehman Brothers mislead investors . According to the complaint, the accounting firm approved Lehman’s use of “Repo 105” transactions, a type of debt that was labeled as sales to reduce the appearance...

Cuomo Files $26M Suit Against Steve Rattner

Kevin Spak — Thu, 18 Nov 2010 12:00:32 CST

Talk about timing. On the same day that Steve Rattner got to trumpet GM’s new IPO , Andrew Cuomo filed a trio of lawsuits against the ex-auto czar related to a pay-to-play scandal involving New York’s pension fund. Cuomo’s asking for $26 million in damages, and a lifetime ban on Rattner...

Paterson Out, Spotlight Turns to Cuomo

Polly Davis Doig — Sat, 27 Feb 2010 08:41:47 CST

As David Paterson officially deep-sixed his non-existent chances of a second term in New York yesterday, all eyes swung around to Andrew Cuomo. But the state's AG and former gubernatorial candidate was cagey, issuing a statement calling for Albany's continued function "through this difficult time" and noting that "I will...

Feds Probe BofA-Merrill Deal

M. Morris — Fri, 18 Sep 2009 15:55:54 CDT

Bank of America's acquisition of Merrill Lynch is the focus of an ongoing investigation by the FBI and Justice Department, sources tell the Charlotte Observer, the bank's hometown paper. The SEC and the AGs of New York and North Carolina have already launched civil probes of the timing of huge...

Cuomo Hits 5 BofA Directors With Subpoenas

Nick McMaster — Wed, 16 Sep 2009 13:50:59 CDT

Andrew Cuomo subpoenaed five members of Bank of America’s board of directors today in his probe to uncover whether the bank was truthful to shareholders about losses at Merrill Lynch, the Wall Street Journal reports. The New York Attorney General suspects that the board was fully informed of the trouble...

Madoff Money Man Steps Down

Kevin Spak — Tue, 19 May 2009 10:45:00 CDT

Thanks to some strong arming from Andrew Cuomo, financier J. Ezra Merkin is stepping down as manager of his hedge fund and placing it into receivership, the Wall Street Journal reports. Cuomo charged Merkin in a civil fraud complaint last month, saying he “betrayed hundreds of investors,” by pumping $2....

Spitzer Eyes 2010 Run for AG

Kevin Spak — Tue, 14 Apr 2009 08:18:48 CDT

Is Client No. 9 getting back into politics? Eliot Spitzer is considering a 2010 bid for his old job as New York’s attorney general, sources tell the New York Post —assuming Andrew Cuomo vacates the post to run for governor. “My record as governor was disappointing,” Spitzer reportedly told friends,...

Cuomo Could Capitalize on Wall St. Crisis

Kevin Spak — Sat, 21 Mar 2009 14:33:00 CDT

Andrew Cuomo’s political career has hit a crossroads, the New York Times reports. The New York attorney general has found his moment, slinging subpoenas at Wall Street like a populist avenger. He’s forced concessions from the rating agencies and student loan lenders, and pried the names of bonus recipients from...

NY Probes AIG's Golden Parachutes, Spending

Ambreen Ali — Wed, 15 Oct 2008 15:56:01 CDT

New York's attorney general today called on AIG's directors to recover millions in “outrageous expenditures,” including golden parachutes to executives even as it neared the collapse that brought an $85 billion federal intervention, the Wall Street Journal reports. Andrew Cuomo is investigating whether the insurer broke state law by making...