District Court Lifts Stay on Funeral Director Litigation

Wexler Wallace is pleased to announce that the Honorable G. Patrick Murphy lifted the stay of class action litigation in which Illinois funeral directors are seeking to recover losses incurred due to a fraudulent scheme perpetrated by various Merrill Lynch entities involving monies deposited in the Illinois preneed trust. That scheme has damaged the trust by more than $150 million, causing funeral directors to pay for any shortfalls experienced by the failure of the trust to fully pay the costs of pre-purchased funeral merchandise and services.