Merrill Lynch fights $690m Zale Merger lawsuit

Merrill Lynch is fighting the return of a shareholder challenge to the $690m Signet-Zale jewellery store merger of 2014 in a US Supreme Court, stating the case should "never have been brought", and that the undisputed facts stand in the way a return of the lawsuit.

By Jeff Montgomery (March 1, 2016, 9:47 PM EST) -- Merrill Lynch told Delaware's Supreme Court on Tuesday that a shareholder challenge to the $690 million Signet-Zale jewelry store merger of 2014 "never should have been brought," and that undisputed facts stand in the way of any resurrection of the case....

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