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Chambers et al v. Merrill Lynch & Co., Inc., et al
Case Number:
1:10-cv-07109
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Bressler Amery
- Maynard Nexsen
- McCallum Hoaglund
- Morgan Lewis
- Reed Smith
- Shearman & Sterling
- Shumaker Loop
- Simmons Hanly
Companies
Sectors & Industries:
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April 26, 2013
Merrill Lynch's $21M Deal With Ex-Advisers Gets Final OK
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.
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December 07, 2012
Merrill Sweetens Deal With Ex-Advisers In Deferred Pay Suit
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.
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September 18, 2012
Judge OKs $40M BofA Deal With Ex-Advisers Amid Objections
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.
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August 24, 2012
BofA To Pay $40M To Resolve Ex-Advisers' Suit
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.
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August 22, 2012
Merrill Lynch Puts Ex-Advisers' Deferred Pay Suit To Rest
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.