Should You Sue Your Investment Banker For Lousy Advice?

Investment bankers make easy, and juicy, targets. All through the 1980s, whenever takeover artists and corporations danced to merger-and-acquisition tunes, these slick-suited and suspendered Wall Streeters seemed to appear at every turn, one hand crunching numbers on a personal computer, the other extended to collect a gigantic fee. There frequently were several financial advisers on each side of a transaction. And they were the ones who often got the ball rolling--peddling an acquisition idea or suggesting that a company was in play and had to take defensive action.

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