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Merrill's ARS Disclosures Doom Investor Fraud Suit

By Brian Mahoney ( June 5, 2012, 6:31 PM EDT) -- A New York federal judge on Monday tossed claims from multidistrict litigation alleging Merrill Lynch & Co. Inc. duped a clothing brand licenser into purchasing $13 million worth of ultimately worthless auction-rate securities, ruling that the bank had properly disclosed the risk of the assets before the sale....

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