Preliminary Approval For $150 Mln Merrill Settlement

U.S. District Judge Jed Rakoff of Manhattan has given preliminary approval to a settlement whereby Merrill Lynch will pay a $150 million to bondholders for misleading them about the bank’s risk associated with collateralized debt obligations.

  • 25 Aug 2009
U.S. District Judge Jed Rakoff of Manhattan has given preliminary approval to a settlement whereby Merrill Lynch will pay a $150 million to bondholders for misleading them about the bank’s risk associated with collateralized debt obligations. Two Louisiana pension funds had sued Merrill in 2007, and the judge ...

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2 Rabobank 35.35
3 Morgan Stanley 11.45
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Bookrunners of Global Structured Finance

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1 CITIC Securities 1,560.67 2 10.70%
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3 Wells Fargo Securities 1,187.61 3 8.15%
4 Rabobank 1,081.86 1 7.42%
5 Bank of America Merrill Lynch 831.08 4 5.70%