Bids Begin To Lead Fights Against Merrill Lynch

Law360, New York (January 2, 2008, 12:00 AM EST) -- Two plaintiffs have asked to be named lead plaintiff in suits alleging investment bank Merrill Lynch & Co. misrepresented and failed to disclose facts about its subprime mortgage debt exposure.

In separate motions filed Monday in the U.S. District Court for the Southern District of New York, Frankfurt-Trust Investment-Gesellschaft mbH and shareholder James Conn both argued they could best serve as lead plaintiff of the suits — but in slightly different roles.

Specifically, Conn's attorneys want him to be the lead plaintiff of a merger class...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.