Merrill Lynch Ducks Racketeering Claims Over Film Deal

Law360, New York (October 5, 2012, 12:00 AM EDT) -- A Pennsylvania federal judge on Friday tossed racketeering claims against Merrill Lynch Pierce Fenner & Smith Inc. over its alleged role in a scheme involving a failed film financing contract, in light of a previously concluded case over the same deal.

U.S. District Judge John E. Jones granted Merrill Lynch’s motion for summary judgment, ruling it had adequately supported its argument that the plaintiffs in the current suit had been involved in the dispute previously resolved in a New Mexico state court, or were closely related...
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