Pursuits
Merrill, Goldman, Wyeth, Woolworths in Court News
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New York State Attorney General Andrew Cuomo stepped up pressure on Merrill Lynch & Co. and Goldman Sachs Group Inc. to settle claims they misled investors in auction-rate securities after Wachovia Corp. agreed to buy back $9 billion of the bonds.
Merrill faces an ``imminent'' lawsuit from New York because the company's offer last week to buy back $10 billion of the debt isn't satisfactory, Cuomo said Aug. 15 during a press conference. New York has subpoenaed about 25 firms involved in sales of auction-rate securities, including those that have already settled, he said.