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Merrill Lynch & Co. Inc. will be paid more than $115 million after winning a breach of contract action against an energy company that refused to pay the full purchase price for a Merrill Lynch unit because of alleged misrepresentations by the financial giant. Southern District of New York Judge Harold Baer Jr. on Monday ordered Allegheny Energy Inc. to pay that amount plus interest after rejecting Allegheny's claims that it was wrongly lured into the purchase.
July 19, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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