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VALELLY v. MERRILL LYNCH INC.

19-CV-7998 (VEC).

464 F.Supp.3d 634 (2020)

Sarah VALELLY, on behalf of herself, individually, and on behalf of all others similarly-situated, Plaintiff, v. MERRILL LYNCH, PIERCE, FENNER & SMITH INC., Defendant.

United States District Court, S.D. New York.

Signed June 3, 2020.

Attorney(s) appearing for the Case

Adam Joseph Blander, Robert Craig Finkel, Wolf Popper LLP, New York, NY, for Plaintiff.

Lara Samet Buchwald, Paul Steel Mishkin, Alexa B. Lutchen, Davis Polk & Wardwell LLP, Rebecca L. Martin, Fried, Frank, Harris, Shriver & Jacobson LLP, New York, NY, for Defendant.

OPINION AND ORDER

This case involves the "sweep" feature of three Merrill Edge Self-Directed Investing Accounts owned by Plaintiff. The sweep feature allowed Defendant to sweep Plaintiff's uninvested cash into a Bank of America money market account. Plaintiff alleges that Defendant failed...

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