Saturday, February 5, 2022

Merrill Lynch Is Sued For Low Interest Sweep Accounts So B of A Reply Due on Tax Day

 

By Matthew Russell Lee, Patreon Maxwell Book
BBC - Guardian UK - Honduras - ESPN

SDNY COURTHOUSE, Jan 30 –  Sarah Valelly sued Merrill Lynch for being pushed into a low-interest Merrill Lynch Direct Deposits sweep accounts; she wants to make it a class action.                 

      On January 28, U.S. District Court for the Southern District of New York Judge Valerie Caproni held a proceeding. Inner City Press covered it.  

Judge Caproni told the parties to decide is they want a referral to SDNY Magistrate Judge Ona T. Wang for a settlement conference.

If not, and if they don't agree to a stay in connection settlement discussions, the motion for class action certification is sue by March 4, and reply due April 15.

The case is Valelly v. Merrill Lynch, Pierce, Fenner & Smith Incorporated, 19-cv-7998 (Caproni) 

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