You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Boston Capital

Meyers owes $45 million in stock deal

Dan Meyers lost a very large fortune watching First Marblehead Corp., the Boston student loan company he runs, plunge in value over the past five years. His problems just got even more expensive.

A Suffolk Superior Court judge has ruled that Meyers, who cofounded First Marblehead 21 years ago, reneged on two personal deals to borrow money so he could buy more stock and maintain his ownership stake in the fast-growing business during the 1990s.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week