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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
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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