Exclusive: Merrill replaces law firm in broker pay cases

NEW YORK (Reuters) – Merrill Lynch has replaced the law firm leading its battles against deferred-pay claims from more than a thousand former brokers. The change could mark a fresh start for Merrill after a disclosure by one of the previous lawyers likely damaged one of the brokerage’s cases as it faces a growing pile of claims and more than $ 1 billion in estimated potential damages from pending cases and hundreds more that could be filed. …

Exclusive: Merrill replaces law firm in broker pay cases NEW YORK (Reuters) – Merrill Lynch has replaced the law firm leading its battles against deferred-pay claims from more than a thousand former brokers. The change could mark a fresh start for Merrill after a disclosure by one of the previous lawyers likely damaged one of [...]