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Rodrigo Fernandez Salvador and Robert Link v. Merrill Lynch, Pierce, Fenner & Smith - 3/15/2001

Award Amount- $500,000.00

Case Summary: Our clients, Rodrigo Fernandez and Robert Link, worked as financial consultants in Merrill Lynch’s St. Louis, Missouri branch office. On March 15, 2001, following 11 days of hearings, a NYSE arbitration panel based in St. Louis awarded them $500,000.00 in damages on their claim that Merrill Lynch had wrongfully deprived them of compensation for their services in establishing a distribution network for Merrill Lynch’s mutual funds in Ecuador, which is where they had extensive professional and personal contacts. The panel also assessed forum fees of $17,100.00 against Merrill Lynch.

Lawyer(s):
Jeffrey L. Liddle
James A. Batson

Web Info(URL) www.nyse.com/pdfs/1999-007590.pdf