NATIONAL
May 22, 2010 | By Geraldine Baum
Andrew Cuomo, heir to one of the best known names in New York politics, announced Saturday morning that he was running for the job his father, Mario, held for 12 years. Cuomo, New York's Democratic attorney general, surprised no one and yet caught everyone off guard by simply posting a nearly one-hour video on his campaign website. He is expected to make an in-person announcement in Manhattan later Saturday. It has long been clear he was running, especially after the current governor, David Paterson, withdrew from the race.
BUSINESS
December 30, 2010 | By Nathaniel Popper, Los Angeles Times
Days before leaving office, New York Atty. Gen. Andrew Cuomo settled lawsuits he filed against former Obama administration advisor Steven Rattner. A financier who led the federal bailout and restructuring of General Motors and Chrysler, Rattner agreed to pay $10 million to end the civil litigation. The suits accused him of paying more than $1 million in kickbacks to help his former firm, Quadrangle Group, win contracts to manage $150 million in assets in a state pension fund. Rattner was one of several investment managers accused of improperly securing business from the fund.
NEWS
November 2, 2010 | By Geraldine Baum, Los Angeles Times Staff Writer
Despite anger at incumbents across the country, New York Atty. Gen. Andrew M. Cuomo, who has spent most of his adult life in government, Tuesday was elected governor of New York, the job his father, Mario, held for three terms. In recent weeks, Democrat Cuomo, 52, ran far ahead of his Republican opponent, Carl Paladino, 64, a crusty Buffalo real estate developer who promised to take a baseball bat to the dysfunctional state government in Albany and came out of the primaries with strong support from the "tea party" movement.
NEWS
October 31, 2010 | By Michael Muskal
With polls showing him substantially ahead of his Republican opponent, New York gubernatorial candidate Andrew Cuomo has decided not to release his full tax return despite having told reporters that he would. Cuomo, the state’s attorney general, who has fought political corruption and has called for more openness in government, released a summary of his taxes but decided not to release the full tax return before Tuesday’s election. The campaign said there was no need to release the return since Republican candidate Carl Paladino hadn’t.
BUSINESS
February 4, 2010 | By Nathaniel Popper
Bank of America Corp. and its former chief executive, Kenneth D. Lewis, were accused of fraud Thursday for allegedly failing to disclose huge losses at Merrill Lynch before the brokerage was acquired by the giant bank. The bank and Lewis misled not only its shareholders but also the government about the size of the losses at the height of the financial crisis, according to a lawsuit filed in New York state court by the state's attorney general, Andrew Cuomo. The purchase of Merrill Lynch has been a long legal headache for Bank of America.
BUSINESS
December 22, 2010 | By Nathaniel Popper, Los Angeles Times
A lawsuit filed against accounting giant Ernst & Young marks one of the biggest government efforts to date to assign blame for the financial crisis. The suit by Andrew Cuomo, the outgoing New York state attorney general, accuses Ernst & Young of helping Lehman Bros. cover up its declining health in the months before the investment bank's collapse in September 2008. Cuomo's complaint, filed in state court, focuses on a set of short-term transactions, begun in 2001, that allowed Lehman to look healthier and less risky when it reported quarterly financial data.