2 Suits Over BofA, Merrill Deal Survive

Law360, New York (August 30, 2010, 5:15 PM EDT) -- A federal judge has ruled that two massive investor complaints over Bank of America Corp.'s troubled $50 billion acquisition of Merrill Lynch & Co. Inc. can proceed, but he dismissed a third putative class action over alleged damages suffered by employee retirement plans.

Judge P. Kevin Castel on Friday found that some of the claims in a consolidated securities suit and a separate derivative suit were strong enough at this stage of litigation to survive motions to dismiss, according to his order in the U.S. District...
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