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2nd Circ. Kills Investor's $26M Merrill Lynch ARS Suit

By Richard Vanderford ( March 19, 2013, 4:51 PM EDT) -- Claims that Merrill Lynch & Co. lied to investors about the liquidity of $26 million in auction rate securities it sold are not strong enough to sustain cellular service provider Cellular South Inc.'s fraud lawsuit against the investment bank, the Second Circuit said Tuesday....

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