|
|
|
|
Merrill Lynch On Trial For Trailing Market Performance Returns
Unilever's pension fund is putting on its case at trial against Merrill Lynch, alleging that the brokerage firm was negligent in: 1) not implementing proper risk controls; 2) inadequately diversifying; and 3) failing to provide downside protection.
The pension did not lose money; instead, it failed to keep up with a benchmark of market indexes during a bull market. The suit seeks $185 million. The trial is expected to be completed in December and a decision issued shortly thereafter.
Source: Wall Street Journal, December 3, 2001
|
Sponsored by James J. Eccleston. This Web site contains material of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment adviser when building and protecting your wealth.
All content Copyright © 2010 Advocate Compliance Partners, Inc. except where noted. All rights reserved.
One North Franklin Street, Suite 2620, Chicago, IL 60606
Telephone 312-332-0000 | Fax 312-332-0003
|
|
|
|
|
