Auction Rate Securities (ARS) Fraud Claim Against Merrill Lynch Dismissed for Failure to Allege Causation Adequately.

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Auction Rate Securities (ARS) Fraud Claim Against Merrill Lynch Dismissed for Failure to Allege Causation Adequately.

Originally published January 3, 2011

Keywords: Auction Rate Securities, ARS, fraud claim, Merrill Lynch

In early December 2010, Judge Preska of the Southern District Court of New York dismissed federal claims against Merrill Lynch and other related parties based on the plaintif...

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