March 27, 2006
Merilly Lynch's Legal Woes
You have got to wonder about how Merrill Lynch got into this legal box. Merill Lynch paid $13.5 million in March of 2005 to state regulators for "failure to supervise" three brokers who participated in the after-market, mutual fund trading scandal. Then Merrill gets hit for $15 million in a suit by the brokers for "defamation." Good grief.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Merilly Lynch's Legal Woes:
What is the likelyhood of the brokers winning their case? It doesn't seem likely that the brokers will win, they soiled their own reputations by acting illegally.
Posted by: Tim MMF | Apr 2, 2006 11:20:30 PM