Cedar Fair CEO Kinzel sues Merrill Lynch, Bank of America

Cedar Fair CEO Dick Kinzel and his wife, Judy Kinzel, have filed a $30 million federal lawsuit against Merrill Lynch and the brokerage company’s new owner, Bank of America, accusing the companies of ripping them off.

The Kinzels say the companies were failing financially and were desperate to raise cash in any possible way.

The lawsuit, filed in recent weeks in U.S. District Court Northern District, alleges Merrill Lynch in March 2009 sold 167,900 Cedar Fair units the Kinzels owned in their private account.

Please read the complete article at the Sandusky Register.