Quantcast

Latest Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Dabit Stories

2006-03-21 14:05:00

By Kevin Drawbaugh WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday ruled unanimously in favor of investment bank Merrill Lynch in a decision limiting shareholders' ability to bring certain class action cases in state courts. The court found that a 1998 law prevents certain kinds of shareholder lawsuits from being brought at the state level, rather than the federal level. "The magnitude of the federal interest in protecting the integrity and efficient operation of the market...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
Related