Network Firm News
Settlement With Analysts Could Fuel Litigation
Jeff Chorney -- The Recorder -- 04-30-2003
The Recorder reports: The California Department of Corporations expects a new wave of securities litigation now that federal regulators have reached a historic settlement with investment banks over analyst conflicts of interest. Although regulators pitched it as a "global settlement," the deal allows investigators to share with the private bar the evidence they collected and doesn't protect the participating investment banks from claims.