TITLE

Scandal Prompts Chicago to Drop Bear Stearns From $500M GO Sale

AUTHOR(S)
Shields, Yvette
PUB. DATE
July 2004
SOURCE
Bond Buyer;7/9/2004, Vol. 349 Issue 31922, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the city of Chicago, Illinois, has removed Bear, Stearns and Co. from the underwriting team that was previously selected to sell up to $500 million new-money and refunding general obligation deal planned for August 2004. Effects of a scandal and a shakedown scheme allegedly involving Bear Stearns' public finance banker P. Nicholas Hurtgen; Analysis of pertinent topics and relevant issues; Implications on the bond market.
ACCESSION #
13749728

 

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