Legal Opinion
In Re Merrill Lynch Auction Rate Securities Litigation
District Court, S.D. New York
Decided December 7, 2010No. This document relates to No. 09 Civ. 5404(LAP), No. 09 Civ. 6770(LAP). No. 09 MD 2030 (LAP)PublishedCited by 8 opinions
1Opinion of the Court
Amended Opinion & Order
LORETTA A. PRESKA, Chief Judge.
In this case, Plaintiffs, Louisiana Stadium and Exposition District (“LSED”) and the State of Louisiana (collectively “Plaintiffs”), allege ten causes of action against Defendants Merrill Lynch, Pierce, Fenner & Smith, Inc. (“MLPFS”) and Merrill Lynch & Co., Inc., (“Merrill”) (collectively “Defendants”) related to Plaintiffs’ auction rate securities (“ARS”) issuance. On February 8, 2010, Defendants filed a motion for judgment on the pleadings against Plaintiffs. The motion is GRANTED in part and DENIED in part.
I. BACKGROUND
A. The Parties
LSE…
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