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Merrill Lynch

Apr 21, 2026

4th Circuit affirms dismissal of ERISA claims against Merrill Lynch

  Merrill Lynch‘s WealthChoice Award program does not qualify as an “employee pension benefit plan” under the Employee Retirement Income Security Act of 1974 (ERISA), the 4th U.S. Circuit Court […]

The 4th U.S. Circuit Court of Appeals rebuffed Bank of America’s argument that interest it owned on tax underpayments should be offset by payments due to Merrill Lynch, with which the bank had merged, for overpayments Merrill had made. (Associated Press file)
Aug 20, 2025

4th Circuit rejects BofA bid to net Merrill tax interest

The 4th Circuit ruled Bank of America cannot offset its tax underpayment interest with Merrill Lynch overpayment interest, affirming they were not the same taxpayer.


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