Cuomo Wants Thain to Stop Being a Pain

When Andrew Cuomo doesn't get what he wants, he goes to court! Apparently the Attorney General was trying to get former Merrill Lynch CEO John Thain to detail the extravagant bonuses he gave in a deposition—but Thain refused, claiming Bank of America (which took over Merrill) said he couldn't discuss them. So now Cuomo has "filed a motion in New York state court that would force Thain to provide details" and says Thain's refusal "obstructs" the AG's office's investigation. Merrill Lynch distributed $3.6 billion in bonuses—seemingly moving up their bonus schedule—just before announcing a $15 billion loss for the 4th quarter of 2008.

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By Jen Chung in News on February 23, 2009 4:28 PM

Comments [rss]

Past Taliban

Or: Cuomo asks Thain refrain from pain, again.

freddynyc

Hmm, you can't look any more smug than that...

NannyState

Someone once accidentally pulled the head off John Thain. Luckily, the "Dreamhouse Broker" kit contained a spare and Mom helped get it back on.

Splicer

C*nts like Thain steal billions and no one cares -- some 14 year old downloads a shitty song off the Internets and suddenly teh Feds are all up in arms about it. What's wrong with this picture?