Merrill's Claims To Remain In Fee Spat With Franklin

Law360, New York (November 21, 2007, 12:00 AM EST) -- A judge has upheld cross-claims that Merrill Lynch & Co. Inc. and CDO Plus Master Fund Ltd. filed in an interpleader suit that aims to determine whether Franklin Advisors Inc. was owed certain fees in its issuance of securities.

Judge Victor Marrero of the Manhattan district court rejected Franklin Advisors’ bid to toss the cross-claims on Tuesday, saying the claims involved material issues.

Two Franklin entities, Franklin CLO II Ltd. and Franklin CLO II Corp., entered an indenture in 2001 under which it issued certain classes...
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