Merrill Lynch Dodges Class Cert. In Call-Recording Suit

Law360, New York (February 20, 2013, 1:15 PM EST) -- A California federal judge on Tuesday refused to certify a class of Merrill Lynch & Co. Inc. customers accusing the Bank of America Corp. subsidiary of secretly recording telephone calls discussing personal financial information, finding that individual inquiries are necessary to determine whether callers were informed.

U.S. District Judge Yvonne Gonzalez Rogers said named plaintiff Elwood Quesada provided no fair and efficient method of finding out whether Merrill Lynch customers were told the calls were being recording without resorting to individual testimony from each person who...
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