Fund Can't Take Over Securities Suit V. Merrill: Judge

Law360, New York (May 28, 2009, 12:00 AM EDT) -- In a consolidated class action over subprime mortgage-backed investments offered by Merrill Lynch & Co. Inc., a federal judge has reaffirmed a Mississippi public pension fund as lead plaintiff, citing a retainer agreement between a rival fund and its counsel, Coughlin Stoia Geller Rudman & Robbins LLP.

Judge Jed S. Rakoff of the U.S. District Court of the Southern District of New York issued the expanded ruling Tuesday after naming the Public Employees' Retirement System of Mississippi lead plaintiff and its attorneys from Bernstein Litowitz Berger...
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