Merrill takes hits in court, arbitration
Merrill has lost two legal cases centering on the firm’s management of wealthy clients’ portfolios.
Already reeling from billions in losses due to bets on subprime mortgages and turnover in top management, Merrill Lynch & Co. Inc. of New York has also lost two legal cases in the last month that centered on the firm’s management of wealthy clients’ portfolios.
One case was a jury trial
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