Merrill Can't Dodge RICO Suit Over Film Financing Deal

Law360, New York (October 31, 2011, 7:27 PM EDT) -- A Pennsylvania federal judge on Monday trimmed a racketeering suit accusing Merrill Lynch Pierce Fenner & Smith Inc. of participating in a scheme related to a failed film financing contract, but refused to drop the case based on an earlier state court settlement.

U.S. District Judge John E. Jones III dismissed parts of the plaintiffs' Racketeer Influenced and Corrupt Organizations Act and fraud claims against the Bank of America Corp. unit, but left much of the case standing, including allegations of fraudulent misrepresentation, breach of fiduciary...
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