Apr 22, 2010
Merrill Lynch Suit May Resemble Goldman Sachs Fraud Case
The SEC’s suit against Goldman Sachs has people wondering whether other banks committed the same conduct with which Goldman is charged: structuring debt it secretly knew would fail and then pitching that debt to investors. It turns out Quinn Emanuel, representing a Dutch bank, alleged almost a year ago that Merrill Lynch did something similar in creating an investment fund nicknamed Norma.