Panel Consolidates Merrill Subprime Cases

Law360, New York (April 11, 2008, 12:00 AM EDT) -- As the steady flow of subprime-related lawsuits filed against Merrill Lynch & Co. Inc. shows no sign of slowing, a panel has consolidated the cases into one multidistrict suit, finding that the 18 currently pending suits share common allegations.

In a ruling handed down on April 7, the U.S. Judicial Panel on Multidistrict Litigation found that the numerous suits filed against Merrill involve similar allegations, and therefore “centralization under Section 1407 in the Southern District of New York will serve the convenience of the parties and...
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