November 15, 2001 |
Henry Blodget, a stock analyst who rode to fame on the Internet boom, has decided to take a buyout offer from his employer, Merrill Lynch & Co. In a story posted on its Web site Wednesday night, the New York Times reported that Blodget said he opted to leave Merrill under a companywide buyout offer because it "just seemed like a good time to pursue the next thing." The Times said Blodget's buyout package is worth nearly $2 million, but Merrill would not confirm that.
August 8, 2000 |
Merrill Lynch & Co. analyst Henry Blodget, one of the early bulls on Internet stocks and long a powerful voice in the sector, said Monday he cut his ratings on EBay Inc. and 10 other online companies because growth in the industry is slowing and competition is picking up. But whether many investors in the stocks are paying attention to Blodget is debatable: Several of the stocks he downgraded rose anyway Monday.
December 11, 2001 |
Internet analyst Henry Blodget is reportedly among a number of analysts being investigated by the New York state attorney general's office over conflicts of interest they may have had while making stock recommendations. Scott Brown, a spokesman for state Atty. Gen. Eliot Spitzer, confirmed Monday that an investigation is underway, but would not be specific about who was under investigation.
February 18, 2006 |
Merrill Lynch & Co. said Friday that it would pay $164 million to settle 23 class-action lawsuits alleging that investors suffered massive losses by following its dishonest stock recommendations, including those from its former star technology analyst, Henry Blodget. The settlement represents a fraction of the money investors lost when the Internet bubble burst in 2000 and the stocks collapsed, and it will barely dent Merrill's bottom line. The Wall Street powerhouse reported $5.
January 4, 2003 |
Regulators are preparing to take action against former Merrill Lynch star analyst Henry Blodget, a source familiar with the plans said. The NASD, formerly known as the National Assn. of Securities Dealers, along with other regulators, has been investigating Blodget and other analysts accused of misleading investors by touting stocks they privately derided, in order to help their firms win investment banking business.
October 10, 2001 |
A federal judge in Manhattan on Tuesday dismissed eight class-action lawsuits that charged that Morgan Stanley Internet analyst Mary Meeker gave biased advice on stocks. The claims, which were dismissed with prejudice, can't be refiled. U.S. District Judge Milton Pollack had some cases thrown out in August, but gave the plaintiffs 30 days to file amended pleadings. In the cases dismissed Tuesday, the plaintiffs decided not to refile claims.