Merrill Lynch, RBC Dodge 5 Claims In MuniMae MDL

Law360, New York (November 19, 2012, 6:02 PM EST) -- A Maryland federal judge on Wednesday tossed five of eight Securities and Exchange Act claims in a consolidated class action suit accusing Merrill Lynch Pierce Fenner & Smith Inc. and RBC Capital Markets Corp. of misleading investors about a 2005 securities offering by real estate finance company Municipal Mortgage & Equity LLC.

U.S. District Judge Marvin J. Garbis tossed the five claims and stayed three remaining Securities Act claims pending an appeal of the order, according to a one-page order sheet on Wednesday.

Judge Garbis’ decision...
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