A New Jersey appeals court has refused to order the brokerage firm Merrill Lynch, Pierce, Fenner & Smith to pay an animal welfare group more than $10.5 million in punitive damages and counsel fees related to overcharges on the group’s investment accounts.
The three-judge Appellate Division panel instead upheld a decision by arbitrators to award the plaintiff, Associated Humane Societies Inc. of Tinton Falls, N.J., $126,077 in punitive damages and no counsel fees.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
