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21 Oct 2010, 10:31 am by Mark J. Astarita, Esq.
Just last week a FINRA arbitration panel awarded two Merrill Lynch brokers nearly $1.2 million dollars for allegations that Merrill reneged on its written policy regarding payment of deferred compensation. [read post]
20 Oct 2010, 11:37 pm by litigationtech
Law firms have slashed attorneys and staff, litigation support companies have closed their doors, and trial presentation firms have also suffered – even to the extent that the Merrill Corporation has dropped trial presentation from their list of services. [read post]
17 Oct 2010, 5:58 pm by Mark J. Astarita, Esq.
According to the article, Merrill Lynch's employee policies provide that a broker who resigns for "Good Reason" is entitled to have his deferred compensation benefits vest at the time of his resignation.According to the article, at the time of its merger with Bank of America, brokers were leaving, and Merrill canceled the deferred comp benefits, and simply refused to pay out any funds for a "Good Reason" resignation, something Merrill Lynch had… [read post]
14 Oct 2010, 6:44 pm
Tomorrow, the Treasury Department is supposed to release its Semi-Annual Report to Congress on International Economic and Exchange Rate Policies, in which it can deem countries to be "currency manipulators" under Sections 3004 and 3005 of the Omnibus Trade and Competitiveness Act of 1988. [read post]
12 Oct 2010, 4:31 pm by Kevin LaCroix
  In BofA/ Merrill Case, Judge Castel Denies Motion for Reconsideration and Immediate Appeal: In an October 7, 2010 order (here), Judge Kevin Castel denied the defendants’ motion for interlocutory appeal or for reconsideration of Judge Castel’s August 27, 2010 order denying in part and granting in part the defendants’ motions to dismiss. [read post]
12 Oct 2010, 7:42 am by arester
He has wrested about $2 billion so far, a string of gilded pelts: a $475 million Merrill Lynch settlement, $400 million from Marsh & McLennan and $725 million from the American International Group. [read post]
8 Oct 2010, 1:18 pm by Deepak Gupta
The panel’s test provides a cost-free formula for the book, music, movie, and other copyright industries to follow software’s example, thus rendering Bobbs-Merrill a dead letter. [read post]
8 Oct 2010, 7:35 am
Other companies who have recently found themselves in court defending against gender discrimination lawsuits have been Bank of America, Merrill Lynch, and Morgan Stanley. [read post]
8 Oct 2010, 7:25 am
Currently, financial advisors that sell investments for brokerage firms like Merrill Lynch are held to a suitability (i.e. reasonable) standard and investment advisors are held to a fiduciary standard. [read post]
6 Oct 2010, 8:29 am by By DEALBOOK
DealBook takes a look at the highlights of Bethany McLean and Joe Nocera's excerpt of their new book in Vanity Fair, detailing the beginning of the end of Merrill Lynch. [read post]
4 Oct 2010, 6:33 am by Jake Ward
ECONOMICS PRIZE: The executives and directors of Goldman Sachs, AIG, Lehman Brothers, Bear Stearns, Merrill Lynch, and Magnetar for creating and promoting new ways to invest money — ways that maximize financial gain and minimize financial risk for the world economy, or for a portion thereof. [read post]
4 Oct 2010, 1:54 am by Kevin LaCroix
  Essentially, the plaintiffs alleged that during a period in 2008 and early 2009, the company failed to write down the value of its auction rate securities investments, and also failed to acknowledge publicly that it has purchased its auction rate securities from Lehman Brothers, and was therefore not going to benefit from the same kind of redemption as had other auction rate securities investors who had purchased their securities from, for example, Merrill Lynch, Citigroup and UBS. [read post]
3 Oct 2010, 10:02 pm
Vikram Amar, Randy Barnett, Viet Dinh, Douglas Kmiec, Gary Lawson, Earl Maltz, Thomas Merrill, Robert Nagel, Richard Parker, and Robert Pushaw. [read post]
2 Oct 2010, 7:08 am by Rich Vetstein
(But Merrill Lynch just went on a buying spree on the banking sector–showing that the real experts are betting that this decision and others which will follow will not substantially affect banks’ profitability). [read post]