Merrill Didn't Say Enough About ARS Meddling: Atty

Law360, New York (February 25, 2011, 3:44 PM EST) -- A lawyer for a putative class of investors suing Merrill Lynch & Co. Inc. over auction rate securities losses told the Second Circuit on Friday that companies have not been held to adequate disclosure standards about their involvement in the ARS market.

Jonathan K. Levine of Girard Gibbs LLP argued to a panel of the U.S. Court of Appeals for the Second Circuit for the revival of a putative class action against Merrill lodged by investor Colin Wilson, saying several New York federal judges were wrong...
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