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VALELLY v. MERRILL LYNCH INC.

19-CV-7998 (VEC).

464 F.Supp.3d 634 (2020)

Sarah VALELLY, on behalf of herself, individually, and on behalf of all others similarly-situated, Plaintiff, v. MERRILL LYNCH, PIERCE, FENNER & SMITH INC., Defendant.

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

Signed June 3, 2020.

Attorney(s) appearing for the Case

Adam Joseph Blander , Robert Craig Finkel , Wolf Popper LLP, New York, NY, for Plaintiff.

Lara Samet Buchwald , Paul Steel Mishkin , Alexa B. Lutchen , Davis Polk & Wardwell LLP, Rebecca L. Martin , Fried, Frank, Harris, Shriver & Jacobson LLP, New York, NY, for Defendant.

OPINION AND ORDER

This case involves the "sweep" feature of three Merrill Edge Self-Directed Investing Accounts owned by Plaintiff. The sweep feature allowed Defendant to sweep Plaintiff's uninvested cash into a Bank of America money market account. Plaintiff alleges that Defendant failed...

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