NEW YORK - A federal judge in New York properly dismissed a shareholder's complaint against Merrill Lynch, Pierce, Fenner & Smith Inc. and others because the shareholder failed to plead a material misrepresentation or omission or market manipulation in making their federal and common-law securities claims, a Second Circuit U.S. Court of Appeals panel ruled March 19 (Cellular South Inc. v. Merrill Lynch, Pierce, Fenner & Smith Inc., No. 12-3640, 2nd Cir.; See August 2012, Page 34)....(read more)![]()
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