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Chris The Lawyer
Chris The Lawyer, Lawyer
Category: New Zealand Law
Satisfied Customers: 22306
Experience:  37 years qualified as a lawyer; LLB, MMgt and FAMINZ.
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If money is lost by merrill lynch pension account. 50,000

Customer Question

if money is lost by merrill lynch pension account. 50,000 2004. do you know a specialist who can help. lawyer unable to recover money. per merrill lynch the money was taken out by someone other then myself. is there a specialist who can help in aged accounts. thank you
Submitted: 1 year ago.
Category: New Zealand Law
Expert:  Chris The Lawyer replied 1 year ago.

You have a fundamental problem in that the Limitation Act says that any claims for negligence must be bought within six years of the act of negligence. When did you discover that the money had been withdrawn?

Expert:  Chris The Lawyer replied 1 year ago.

There can be an exception in cases of fraud, but I think it is unlikely that you would have a cause of action against Merrill Lynch in fraud because the fraud was apparently committed by the person who withdrew the money. Do you know who that person was?

Expert:  Chris The Lawyer replied 1 year ago.

The other question I should ask, is was this pension based in New Zealand and was the money withdrawn in New Zealand? This would be necessary in order to bring a case in a New Zealand court if you were not out of time

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