Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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Merrill Lynch won a major round Tuesday in the ongoing ERISA litigation arising from WorldCom's collapse when a federal judge ruled in its favor on a summary judgment motion. Southern District of New York Judge Denise Cote held that as a "directed trustee" under ERISA, Merrill Lynch's fiduciary duties were limited in nature and that its decision not to block investment in WorldCom stock by the company's 401(k) participants did not amount to a breach of its fiduciary duties.
February 02, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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