A North Carolina federal judge has approved a $12.8 million settlement to resolve a proposed class action accusing Merrill Lynch of shortchanging financial advisers. Read more
Naked short selling is an illegal practice of trading stocks before you actually take possession of the stock or before determining if they even exist. Ordinarily, stock traders must borrow... Read more
Bank of America Corp.’s Merrill Lynch unit has agreed to pay $160 million to settle a discrimination lawsuit filed by American-American financial advisers. The case, filed in 2005, was broug... Read more
Merrill Lynch, the investment banking firm acquired by Bank of America, has agreed to create a $12 million fund to settle a class-action lawsuit alleging it didn’t properly pay overtim... Read more
Our readers seem to like it when we feature particular Sections of our firm in the Report. We try to highlight the latest litigation trends occurring in a particular area of the law. We have... Read more
Bank of America has reached a $2.43 billion settlement with investors, arising out of the bank’s acquisition of Merrill Lynch. It was alleged that the bank misled investors about the acquisi... Read more
The Financial Industry Regulatory Authority (FINRA) has fined Merrill Lynch, Pierce, Fenner & Smith, Inc. $2.8 million for supervisory failures that resulted in overcharging customers $... Read more
Merrill Lynch/Bank of America has been hit recently with several adverse rulings concerning deferred compensation that was wrongfulyl denied former Merrill Lynch Financial Advisors. In some... Read more
During the height of the Wall Street meltdown, Bank of America negotiated a deal to acquire Merrill Lynch. This was but one of many buyouts, bailouts and washouts that occurred during that p... Read more
Merrill Lynch has filed suit against five employees of rival Morgan Stanley in a Birmingham federal court. This came after the defection of these financial advisers from Merrill Lynch who re... Read more
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