Results tagged “fair”

Federal Judge Jed S. Rakoff rejected the $33 million settlement that the Securities and Exchange Commission accepted from Bank of America over the $3.6 billion in bonuses paid to Merrill Lynch employees. BoA, which acquired Merrill, knew Merill was about to post $9 billion in fourth quarter losses yet went ahead with the bonuses; Rakoff found that BoA "materially lied" to shareholders about the losses.

It took a while to work up the courage, but a shy high pressure system has finally made its presence known. The anticyclone's faltering first steps this weekend allowed some rain to fall early Sunday morning and it drizzled a bit over the city this morning as well. That drizzle is gone and the city should see clear skies for the next couple of days. Today's high should reach the breezy mid 60s.

         

Lords and Ladies, did you attend the Medieval Festival & Renaissance Faire this past weekend? Incase you missed it, here are some images from the event, in which Manhattan's Fort Tryon Park was transformed into a medieval market town!