Law360, New York (August 21, 2009) -- The company controlled by billionaire Phil Anschutz has sued Merrill Lynch & Co. Inc., Deutsche Bank Securities Inc. and several rating agencies, claiming it is saddled with $59 million in auction rate securities due to the defendants' misrepresentations.
The suit, filed Monday in the U.S. District Court for the Northern District of California by The Anschutz Corp., accuses Merrill Lynch and Deutsche Bank of underwriting the $58.95 million...
