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Articles Posted in CDOs

After Securities Arbitration, Merrill Lynch Must Pay $1.4 Million to Investor
InvestorLawyers

Bobby Hayes, a Nevada retiree and wealthy investor, has been awarded $1.4 million in damages in securities arbitration against Merrill Lynch. According to Hayes’ allegations, Bank of America Corp.’s Merrill Lynch sold him collateralized debt obligations which were worthless at the time he purchased them. The case was filed in 2011, and Hayes’ allegations included…

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