La., Superdome Want Out Of Merrill Lynch ARS MDL

Law360, New York (December 11, 2009, 5:27 PM EST) -- The state of Louisiana and the agency that runs the Superdome have asked a judge to sever their case against Merrill Lynch & Co. Inc., Financial Guaranty Insurance Co. and others from multidistrict litigation over the banking giant's marketing of auction rate securities.

The state and the Louisiana Stadium and Exposition District filed a motion on Thursday to sever and remand the FGIC suit from its current docket in the U.S. District Court for the Southern District of New York, where the Merrill Lynch ARS marketing...
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