April 26, 2013
A New York federal judge on Friday reportedly approved a settlement in which Merrill Lynch & Co. Inc. will pay $21 million to end class action claims brought by its former financial advisers who say they were denied deferred compensation.
December 07, 2012
Merrill Lynch has slightly sweetened the deal in a proposed settlement with its former financial advisers who say the firm denied them deferred compensation, increasing the amounts brokers can claim and agreeing to pay attorneys from a separate pot, according to documents filed Friday in New York federal court.
September 18, 2012
A New York federal judge on Tuesday approved a $40 million settlement of class action claims that Merrill Lynch & Co. Inc. financial advisers were shortchanged after the merger with Bank of America Corp., following a move by three former brokers to sink the deal.
August 24, 2012
Bank of America Corp. has agreed to pay about $40 million to settle a class action that is part of an ongoing dispute with former Merrill Lynch & Co. financial advisers who claim they were shortchanged when the two banks merged, lawyers confirmed Friday.
August 22, 2012
Merrill Lynch & Co. Inc. has reached a deal to end a putative class action accusing it of breaching contracts by denying deferred compensation to thousands of financial advisers who quit after it was acquired by Bank of America Corp., according to a government filing.