Merrill Sweetens Deal With Ex-Advisers In Deferred Pay Suit

Law360, New York (December 7, 2012, 8:46 PM EST) -- Merrill Lynch has slightly sweetened the deal in a proposed settlement with its former financial advisers who say the firm denied them deferred compensation, increasing the amounts brokers can claim and agreeing to pay attorneys from a separate pot, according to documents filed Friday in New York federal court.

If a judge greenlights the new settlement, filed with the court late last month, it would replace an August proposal approved by U.S. District Judge Alison Nathan in September but fought by attorneys negotiating separate settlements in...
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