On the second day of the Unilever case against Merrill Lynch Investment Management (MLIM), Unilever's QC Jonathan Sumption claimed MLIM did not respond to its client's introduction of explicit risk controls.

The Unilever Superannuation Fund is suing MLIM, previously known as Mercury Asset Management, for £130m ($207.3m) for negligently taking too much risk when managing £1bn for it between January 1, 1997 and March 31, 1998. MLIM contests the claim.