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Monday, April 15, 2024

Cuomo: Be not afraid of the AG

Cuomo

NEW YORK - According to a recent report, New York Attorney General Andrew Cuomo said he is shocked people are scared of his office.

The New York Sun reported that Cuomo made the remarks at a luncheon hosted by the Metropolitan Council on Jewish Poverty.

Cuomo, in his first year since taking over for current Gov. Eliot Spitzer, said he is "surprised at how scared people are of the attorney general."

"I'm learning on the job," the report also quotes him as saying. "I'm trying to get my feet underneath me."

Spitzer is known as the standard for tough-on-business attorneys general, considering his crusade against bid-rigging in the insurance industry, as well as several other industries he went after.

Spitzer engineered a $850 million settlement with Marsh & McLennan in 2005. Zurich American also paid millions in a settlement, with $92 million going to 16 attorneys general for attorneys fees. The settlements in which Zurich entered called for $210 million in restitution.

Willis Group Holdings also settled with Spitzer, resulting in a $50 million agreement.

Cuomo is most known for his role in producing national legislation in the student loan industry. He's also looking for businesses that are ripping off the state's Medicaid system, he says.

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