Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Friday, October 19, 2007

Customer Sues Merrill Lynch Over CDO Investments

MetroPCS Communications filed suit in Texas state court charging that its broker, Merrill Lynch, acted improperly in investing about $134 million in risky CDO securities, in violation of its objective to maintain low-risk, liquid investments for its spare cash.  Apparently the customer did not sign a predispute arbitration agreement.  WSJ, MetroPCS Sues Merrill Over Risky Investment.

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