IN RE: Merrill Lynch & Co., Inc., Auction Rate Securities (ARS) Marketing Litigation

  1. August 14, 2012

    Merrill Lynch Pares $26M ARS Fraud Suit From MDL

    A New York federal judge on Monday cut Cellular South Inc.'s $26 million fraud suit from wider multidistrict litigation against Merrill Lynch & Co. Inc., ruling Cellular South had failed to prove any of its claims over the auction rate securities the bank had sold it.

  2. June 05, 2012

    Merrill's ARS Disclosures Doom Investor Fraud Suit

    A New York federal judge on Monday tossed claims from multidistrict litigation alleging Merrill Lynch & Co. Inc. duped a clothing brand licenser into purchasing $13 million worth of ultimately worthless auction-rate securities, ruling that the bank had properly disclosed the risk of the assets before the sale.

  3. February 17, 2012

    Merrill's ARS Disclosures To La. Pacific Were Adequate: Judge

    A New York federal judge on Wednesday dismissed Louisiana Pacific Corp.'s fraud claims against Merrill Lynch & Co. Inc. over the purchases of $56 million in auction rate securities, ruling that Merrill's disclosures about the risks were adequate.

  4. February 11, 2011

    Merrill Lynch, Rating Agencies Freed From ARS Action

    A federal judge has tossed a lawsuit against Merrill Lynch & Co. Inc. and credit rating agencies from a multidistrict litigation accusing the investment bank of misleading investors in the sale of risky auction rate securities.

  5. December 01, 2010

    Merrill Shakes Some Claims Over $237M ARS Bonds

    The federal judge overseeing multidistrict litigation over Merrill Lynch & Co. Inc.'s auction rate securities marketing has tossed the majority of a bond issuer's suit but let state law claims for fraud and breach of fiduciary duty stand.

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