IN RE MERRILL LYNCH AUCTION RATE SECURITIES LITIGATION

No. 09 MD 2030 (LAP).

704 F.Supp.2d 378 (2010)

In re MERRILL LYNCH AUCTION RATE SECURITIES LITIGATION. This Document Relates To No. 08 Civ. 3037 (LAP).

United States District Court, S.D. New York.

March 31, 2010.


Attorney(s) appearing for the Case

Aaron Michael Sheanin, Christina H.C. Sharp, Daniel Charles Girard, Jonathan K. Levine, A.J. De Bartolomeo, Girard Gibbs LLP, Geoffrey C. Rushing, Gianna Christa Gruenwald, Richard Alexander Saveri, Saveri & Saveri Inc., San Francisco, CA, Christopher Adam Seeger, David R. Buchanan, Stephen A. Weiss, Seeger Weiss LLP, Philadelphia, PA, Norman E. Siegel, Rachel Erin Schwartz, Stueve Siegel Hanson LLP, Kansas, MO, Thomas V. Urmy, Ian J. McLoughlin, Shapiro, Haber & Urmy, L.L.P., Boston, MA, Jessica K. Case, Richard A. Getty, Getty & Childers, P.L.L.C., Joe F. Childers, Lexington, KY, William Hickman, III, Jones & Hickman, Pikeville, KY, Brent J. Bourgeois, Larry M. Roedel, Roedel, Parsons, Baton Rouge, LA, James Richard Swanson, Lance C. McCardle, Fishman Haygood Phelps Walmsley Willis & Swanson, LLP, New Orleans, LA, Andrew C. Shen, David L. Schwarz, Kevin J. Miller, Mark Charles Hansen, Kellogg, Huber, Hansen, Todd, Evans & Figel, PLLC, Washington, DC, Brian Craig Kimball, Charles Louis McBride, Jr., Brunini, Granthan, Grower & Hewes, PLLC, Jackson, MS, John Norman Bolus, Maynard, Cooper & Gale, PC, Birmingham, AL, for Plaintiffs.

Jay B. Kasner, Scott D. Musoff, Skadden, Arps, Slate, Meagher & Flom LLP, Alex Jason Kaplan, Sidley Austin LLP, Barry J. Mandel, Jonathan Hale Friedman, Foley & Lardner, LLP, George Freeman, The New York Times Company, Timothy P. Burke, Bigham Englar Jones & Houston, Shari A. Brandt, Brian S. Fraser, Richards Kibbe & Orbe LLP, David Neal Wynn, Arent Fox LLP, James J. Coster, James J. Regan, Joshua M. Rubins, Justin Evan Klein, Satterlee Stephens Burke & Burke LLP, Mark David McPherson, Carl Hanline Loewenson, Jr., Morrison & Foerster LLP, New York, NY, Bill James Symes, Page R. Barnes, Foley Lardner LLP, Elizabeth Allen Frohlich, Morgan, Lewis & Bockius LLP, Farschad Farzan, Perkins Coie LLP, Jayesh Santkumar Hinen-Shah, Jonathan Alan Patchen, Stephen McGeorge Bundy, Stephen E. Taylor, Taylor & Company Law Offices, L.L.P., San Francisco, CA, A. Inge Selden, III, Carl S. Burkhalter, Gregg M. McCormick, John Norman Bolus, Maynard Cooper & Gale, Birmingham, AL, Robert B. Craig, O'Bryan Baun Choen Cuebler Karamanian, Birmingham, MI, Antoinette Susan Waller, Arent Fox, L.L.P., Los Angeles, CA, David Andrew McCarthy, Wilson Sonsini Goodrich & Rosati, Palo Alto, CA, for Defendants.


Opinion and Order

LORETTA A. PRESKA, Chief Judge.

Plaintiffs Colin Wilson, Ronald Levy, and Michael Bonde, purchasers of auction rate securities ("ARS"), bring this purported class action against Merrill Lynch & Co., Inc. ("Merrill Lynch & Co."), a financial firm that offers wide-ranging financial services and products through its subsidiaries, and Merrill Lynch, Pierce, Fenner & Smith, Inc. ("Merrill Lynch"), a securities broker-dealer...

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