The folks at Merrill Lynch have discovered that even clouds as big and ugly as the recent meltdown in the mortgage industry can sometimes have the glimmer of a silver lining.

A federal judge has dismissed a securities fraud suit against Merrill Lynch and six of its subsidiaries citing the “profound” downturn in the mortgage market as the more likely cause of the plaintiffs’ woes.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]