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Merrill Moves To Dismiss ARS Complaint From MDL

By Ben James ( November 19, 2009, 4:30 PM EST) -- Merrill Lynch Pierce Fenner & Smith Inc. has asked a judge to dismiss a complaint in the multidistrict litigation over auction rate securities, arguing that Community Trust Bank Inc.'s allegation that Merrill Lynch surreptitiously manipulated the ARS market doesn't hold water....

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