Judge Denies Class Action in Merill Muni Markup Case

Hume, Lynn
September 2003
Bond Buyer;9/15/2003, Vol. 345 Issue 31719, p3
Trade Publication
Reports on the ruling by federal court judge Shirley Wohl Kram that investors can not group together as a class to sue Merrill Lynch & Co. Inc. for allegedly taking excessive markups in four municipal securities transactions over a 17-month period during 1994 and 1995. Charges made by investor Stanley C. Grandon in the lawsuit filed against Merrill; Reasons given by the judge for the ruling.


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