August 14, 2012
A New York federal judge on Monday cut Cellular South Inc.'s $26 million fraud suit from wider multidistrict litigation against Merrill Lynch & Co. Inc., ruling Cellular South had failed to prove any of its claims over the auction rate securities the bank had sold it.
June 05, 2012
A New York federal judge on Monday tossed claims from multidistrict litigation alleging Merrill Lynch & Co. Inc. duped a clothing brand licenser into purchasing $13 million worth of ultimately worthless auction-rate securities, ruling that the bank had properly disclosed the risk of the assets before the sale.
February 17, 2012
A New York federal judge on Wednesday dismissed Louisiana Pacific Corp.'s fraud claims against Merrill Lynch & Co. Inc. over the purchases of $56 million in auction rate securities, ruling that Merrill's disclosures about the risks were adequate.
February 11, 2011
A federal judge has tossed a lawsuit against Merrill Lynch & Co. Inc. and credit rating agencies from a multidistrict litigation accusing the investment bank of misleading investors in the sale of risky auction rate securities.
December 01, 2010
The federal judge overseeing multidistrict litigation over Merrill Lynch & Co. Inc.'s auction rate securities marketing has tossed the majority of a bond issuer's suit but let state law claims for fraud and breach of fiduciary duty stand.