|
|
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
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Contact
|
Search
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). 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 advisor when building and protecting your wealth.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
