Securities Law Prof Blog

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

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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.

http://lawprofessors.typepad.com/securities/2007/10/customer-sues-m.html

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