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Tuesday
Mar232010

Another Beth Israel Advisory Board Member under regulatory investigation:

Beth Israel Deaconess Trustee Subpoenaed by NY Attorney General in Bank of America Probe

John T. Collins, a “trustee for life” of Beth Israel Deaconess Medical Center (BIDMC) and former member of the hospital’s Board of Directors, has been subpoenaed in connection with New York Attorney General Andrew Cuomo’s investigation of Bank of America’s purchase of Merrill Lynch. Cuomo is in the process of subpoenaing Collins and others to determine whether bank officials deliberately withheld information from shareholders and whether directors of Bank of America protected the rights of shareholders. BIDMC Overseer Robert Jaffe stepped down from the Board of Overseers of BIDMC in March 2009 following concerns raised by 1199SEIU and is under investigation by the SEC.

September 18, 2009: N.Y. inquiry has Boston business A-list in its sights