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Article: MWRA chief seeks response to charges Asks Merrill Lynch for documents
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- December 23, 1993
- Author:
CopyrightCopyright 1993 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Douglas B. MacDonald, executive director of the Massachusetts
Water Resources Authority, has directed Merrill Lynch & Co. to
respond to charges that the firm landed its position as the agency's
lead underwriter through confidential information improperly leaked
to it.
In a Tuesday letter to the investment house, MacDonald asked the
firm to provide him with documents relating to charges that Merrill
Lynch won its position as the MWRA's lead underwriter in 1989 and
1992 through inside information provided by Mark S. Ferber, then the
MWRA's independent financial adviser.
"I am not certain what action I would take if any of this is
true," MacDonald said in an interview. "Let's just leave it as, ...