Tuesday, May 31, 2005

Goldman loses in price stabilzation game

A great look at price stabilization from the NY Times. The case deals with Goldman Sachs' (and syndicate's) attempt to keep Lazard's stock price high."Last week, Goldman said in a filing that it was left with $15 million in losses after underwriting Lazard's initial public offering and trying in vain to prop up the stock as it began falling in the first days of trading"Also later on in the

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