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CSFB, which is under scrutiny itself over the alleged allocation of shares to "friends of Frank"—Frank Quattrone, its star technology banker is known to be willing to go along with such changes.
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The impasse was caused by an uproar over alleged corruption in the allocation of coalfield concessions.
He denied the basic charge and said that he had been told by a CSFB lawyer that the recent grand jury investigation was about initial public offering allocations and alleged kickbacks.
Ashok Chavan was forced to resign as chief minister of Maharashtra in November 2010 after he was accused of playing a role in the Adarsh housing society scandal in which there were alleged malpractices in building construction and allocation of flats in a high-rise apartment building in Mumbai.
193392 Bernard Ebbers WorldCom The lawsuit alleges the share allocations violate New York's Martin Act, which allows Spitzer to go after fraud without having to prove that the firms willfully committed wrong, because the underwriting ties weren't disclosed.
But Sampson declined to explain whether the dispute centres on the allocation of the recent ACE funding, as alleged in one report, saying that the spate of resignations is something that she has "no interest in, and no power over".
The Securities and Exchange Commission had alleged that WL Ross & Co. failed "to disclose its fee allocation practices" for more than a decade in some private equity funds it managed.
While CSFB made no admission of liability in that case, there are hundreds of investor lawsuits working their way through the legal system alleging chicanery in the allocation of IPO shares.
The regulators alleged that CSFB was charging extraordinary commissions on stock trades linked to allocations for initial public offerings.
This influence was alleged despite the fact that in Bunzel's storybook view of an investment bank, allocations were handled by a different group called equity capital markets.
The protesters alleged sabotage.
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