If Unilever successfully sues Merrill Lynch for fund mismanagement the consequence could be a timid fund management industry
A courtroom separation, as any divorce lawyer will tell you, is seldom an edifying spectacle. Secrets are revealed, grievances aired, resentments ventilated and petty jealousies given their moment to shine. Few people ever emerge from the proceedings with either their souls or their wallets in better shape. This is a truth that Unilever Plc, the Anglo-Dutch consumer goods giant, and Merrill Lynch & Co may be about to learn. Like divorcees, however, they may also be about to learn another lesson as well; that lawyers, like dogs, can be hard to get rid of once they are on the payroll; and t...
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