The New York Fed decided to postpone its auction of ML III's holdings in the Duke CDO after it became aware that there was additional information concerning the Duke CDO that had not been made available to the bidders. The New York Fed's auction of ML III's positions in the Putnum CDO is proceeding as announced on May 11.
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Press Release
Statement on the Postponement of the Maiden Lane III Auction
May 18, 2012
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