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Tipsword v. I.F.D.A. Services, Inc. et al

  1. February 17, 2012

    Merrill To Pay $59M To Lay Funeral Trust Action To Rest

    An Illinois federal judge on Friday approved a $59 million settlement resolving a consolidated class action against Merrill Lynch Bank & Trust Co. accusing it of losing more than $100 million from a trust fund that was meant to pay for funeral costs.

  2. July 5, 2011

    Merrill Can't Shake $100M Funeral Trust Class Action

    An Illinois federal judge on Friday batted down Merrill Lynch Bank & Trust Co.'s second attempt to dismiss a suit accusing it of negligently losing more than $100 million from a trust fund that was meant to pay for funeral costs.

  3. June 21, 2011

    Merrill Can't Bury Suit Over $100M Funeral Trust Losses

    An Illinois federal judge on Tuesday denied Merrill Lynch Bank & Trust Co.'s attempts to kill a putative securities class action claiming that the bank negligently lost $100 million from a trust that was meant to pay for funeral costs to junk life insurance policies.