Companies Mentioned

Merrill Lynch & Co., Inc.

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Summaries
Securities Law >
New Judicial Opinions

NY District Court Dismisses Merrill Lynch Derivative Suit for Lack of Standing to Sue
This suit arose from the huge losses experienced by defendant Merrill as a result of its aggressive investment in collateralized debt obligations and similar mortgage-backed securities. This case originally involved securities class actions, ERISA actions, and derivative actions. But before oral argument could be heard, a tentative settlement in an…
Date of ruling:
02/17/2009