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Louisiana waives its right to arbitrate dispute over auction rate securities due to litigation involvement

  • Jorden Burt LLP
  • -
  • USA
  • -
  • January 20 2011

A federal appeals court affirmed that Louisiana Stadium & Exposition District and the State of Louisiana ("LSED") waived their right to arbitration by expressing the intent to litigate a dispute with Merrill Lynch, Pierce Fenner & Smith Inc