Italy's Piedmont, Merrill Lynch settle dispute over 2 derivatives
MILAN, June 25
MILAN, June 25 (Reuters) - Italian region Piedmont and Merrill Lynch said on Tuesday they had settled a dispute over two derivative contracts stipulated in 2006 to cover bond issues by the region.
"The parties... have reached a completely satisfactory agreement which will avoid any long and costly legal proceedings," the parties said in a statement.
No details were given on the contracts.
(Reporting by Stephen Jewkes)
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video