The article focuses on a legal battle between Merrill Lynch & Co., Christopher Gabrielli, the financial adviser of Springfield, Massachusetts and several Springfield officials. The battle centers on a 90% decline which was seen in one of the town's largest investments in 2007 which was run by...
This article reports on an investigation by Massachusetts officials on the role played by Merrill Lynch in investments linked to subprime mortgages that the firm sold to the city of Springfield. An estimated losses of 13 million U.S. dollars were associated with the investments. According to ...