Cuomo Sues Schwab Over Securities

New York Attorney General Sues Schwab Unit
Andrew Cuomo filed a lawsuit against the brokerage unit of Charles Schwab, claiming that the firm misled customers about the safety of auction-rate securities.

Source: NY AG to sue Schwab over securities sales
New York Attorney General Andrew Cuomo is preparing to sue Charles Schwab, claiming the brokerage firm misled customers about the safety of auction-rate securities, according to a person...

Merkin Reaches Accord With Cuomo on Art Sale
J. Ezra Merkin, who lost $2.4 billion of his clients’ money to the Madoff fraud, planned to sell his art collection for $310 million as part of an accord with New York’s attorney general....

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