Notice to All Investors in the Merrill Lynch Capital Trust Preferred Securities From the Law Firm of Tramont Guerra & Nunez, PA

Market Wire, November, 2008

The Securities Law Firm of Tramont Guerra & Núñez, PA (TGN) makes an announcement to all investors in the Merrill Lynch Capital Trust I (NYSE: MER.PRK), Merrill Lynch Capital Trust II (NYSE: MER.PRM) and Merrill Lynch Capital Trust III (NYSE: MER.PRP) concerning the class action lawsuit (Case No. 08 CV 09063) filed October 22, 2008. These Trust Preferred Securities were underwritten through a syndication of major Wall Street firms with Merrill Lynch (NYSE: MER) designated as the Sole Structuring Advisor and Sole Bookrunner. The Trust Preferred Securities underwriters included: Citigroup Global Markets (NYSE: C), Morgan Stanley (NYSE: MS), UBS Securities, (NYSE: UBS), Wachovia Capital Markets (NYSE: WB) and Banc of America Securities (NYSE: BAC). The underwriters, in turn, solicited their clients through the use of "Offering Materials" to invest funds into the Trust Preferred Securities to provide Merrill Lynch with the capital needed to support operations.

The class action lawsuit alleges that the "Offering Materials" contained material misstatement of "Merrill's financial condition and failed to disclose that the Company bore massive exposure to losses from investments." Many investors were advised by their financial advisors that the Merrill Lynch Capital Trust investments, fully and unconditionally guaranteed to the extent set forth in the "Offering Materials," was a safe and stable investment suitable for risk adverse investors. Brokerage firms are required to provide advice based on the "know your customer" rule to determine the suitability of investment recommendations, as set forth by the Financial Industry Regulatory Authority (FINRA). The recommendation of unsuitable investments and concentration in a particular security or sector, are both violations which may qualify an investor for an individual arbitration claim with FINRA. In some cases, shareholders must "opt-out" as a class member in order to pursue an individual securities arbitration claim.

The Securities Law Firm of Tramont Guerra & Núñez, PA is a Martindale Hubbell "AV" rated, bilingual law firm located in Coral Gables, Florida. To request a confidential consultation from a TGN attorney for losses that were the result of sales practice violations in a full service brokerage account, contact us on our website at http://www.stockmarketlosslawyer.com/securities-concentration.htm . To speak directly with an attorney, call (800) 578-0137 and ask for David Chacin, Esquire.

Destination URL http://www.stockmarketlosslawyer.com/press-releases/class-action-lawsuits-merrill-trust.htm

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Contact: David Chacin, Esquire Tramont Guerra & Núñez, PA (800) 578-0137 Email Contact


 

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