Gary Lynch News
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Brian Moynihan was impatient. It was August 2011, and the Bank of America Corp. chief executive officer was reviewing plans to impose a $5 monthly fee on debit- card users.
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Gary Lynch , the former Securities and Exchange Commission enforcement head who later helped Morgan Stanley and Credit Suisse AG tackle legal disputes, is looking to repeat his success at the biggest U.S. bank.
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Gary Lynch , Morgan Stanley ’s chief legal officer from 2005 until 2010, is leaving the firm.
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Bank of America Corp. hired Gary Lynch , formerly a U.S. Securities and Exchange Commission enforcement director and Morgan Stanley’s legal chief, as it seeks to resolve disputes with regulators over soured mortgages.
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Bank of America Corp. agreed to pay $2.43 billion to investors who suffered losses during its acquisition of Merrill Lynch & Co. in the largest settlement yet of a class-action shareholder lawsuit stemming from 2008’s financial crisis.
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Morgan Stanley’s chief legal officer, Frank Barron, is leaving this year and will be succeeded by Eric Grossman, who was most recently global head of legal.
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Morgan Stanley , the sixth-largest U.S. bank by assets, hired Frank Barron , a litigation partner at Cravath, Swaine & Moore LLP, to replace Gary Lynch as chief legal officer.
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Bank of America Corp.’s most richly compensated executive, Thomas K. Montag, may become a future candidate for the top job after a shakeup elevated him to co- chief operating officer at the money-losing lender.
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Federal prosecutors said they were prepared to summon Goldman Sachs Group Inc. President Gary Cohn as a witness to rebut Galleon Group LLC co-founder Raj Rajaratnam’s defense in his insider-trading trial.
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On the afternoon of Aug. 23, Gary G. Lynch, the global chief of legal, compliance, and regulatory relations for Bank of America Corp., was attending a meeting in Washington when the floor heaved.
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