| 11. | Lloyd's is an association of insurance underwriters and brokers.
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| 12. | The domestic lead underwriter was J & A Securities.
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| 13. | Morgan Stanley & Co . was the lead underwriter.
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| 14. | Underwriters said the price rose following the issue in New York.
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| 15. | The underwriters were led by Merrill Lynch & Co.
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| 16. | But Merrill was also a leading underwriter of Orange County bonds.
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| 17. | It was the fourth-ranked underwriter of stocks and bonds.
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| 18. | Underwriters expect competition for the business to keep commissions under pressure.
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| 19. | It also criticized underwriters for allowing this to become standard practice.
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| 20. | The primary plaintiff is former Lloyd's underwriter John Donner.
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