General Counsel Leaves Merrill Lynch (Corrected)
Posted Jan 31, 2009 8:58 AM CDT
By Martha Neil
Corrected: Among those reportedly being cut from the corporate ranks of Merrill Lynch after the investment bank's merger with Bank of America last year is Merrill Lynch vice chairman and general counsel Rosemary Berkery.
Merrill Lynch spokesman Mark Herr confirmed that Friday.
The Lawyer also reported that several other senior in-house lawyers are on the way out, a fact Herr wanted corrected here.
Herr specifically noted that New York associate general counsel Carlos Morales, co-head of global litigation John Eisenberg, and director and senior counsel Chris Haas remain gainfully employed at the bank, contrary to previous reports.
He did confirm that Barry Mandel, general counsel of litigation and employment, has left.
A Bank of America spokesperson says the company plans to eliminate 30,000 to 35,000 jobs within the next three years because of the merger, the struggling economy and a resulting reduction in work at the bank.
Last updated at 7:48 a.m. Saturday to make corrections and to add Herr's statements.