Juror Threatened To Cut Off Colleague's Finger
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Reuters reports that, during the 6th day of the jury's deliberations, a juror claimed that a fellow member of the jury, 'in a loud and belligerent manner threatened to cut off my finger'. Nice.
In the meantime, The Wall Street Journal reports that AIG is seeking to obtain permission from Kenneth Feinberg, President Obama's compensation tsar, to pay out previously-agreed retention bonuses, including $235m due to employees at the firm's Financial Products Group, which created the products that forced AIG into the hands of the US taxpayer.
And MarketWatch reports that analysts over at Bank of America Merrill Lynch have upgraded Goldman Sachs from 'neutral' to 'buy', saying that the firm's stock price could eventually hit $175. Analyst Guy Moskowski says that Goldman is on track to besting the record trading revenues it generated in 2007, meaning that compensation in 2009 may increase by 64% on last year.
The New York Times reports that UBS CEO Oswald Gruebel has told his executives that the bank is not in a position to turn over the client data required by US authorities in connection with a probe on alleged tax evasion, because to do so would violate Swiss law. And over in the US, there are fears that, unless an agreement is reached, the government there could effectively close the bank's operations and seize its assets. We're betting on a settlement.
Finally, Reuters reports that hedge fund Citadel Investment Group has sued three former senior employees for alleged violation of the 9-month non-compete clauses in their contracts of employment.
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