District Court, S.D. New York September 4, 1981, No. 79 Civ. 3123 (Gartenberg v. Merrill Lynch Asset Management, Inc.)

DECISION

MILTON POLLACK, District Judge.

These cases are shareholders’ derivative suits on behalf of Merrill Lynch Ready Assets Trust, alleging that its investment ad-visor, Merrill Lynch Asset Management, Inc., violated Section 36(b) of the Investment Company Act, 15 U.S.C. sec. 80a— 35(b), which imposes a fiduciary duty on investment advisors with respect to their compensation.