Judge Awards Fees In Stock Class Action

     MANHATTAN (CN) – U.S. District Judge John Keenan has awarded $2.5 million in attorney’s fees and expenses and approved settlement of a consolidated class-action complaint that accused Merrill Lynch of issuing fraudulent research reports touting Internet-based companies, on which investors lost money, from 1999 to 2002. This is the third such settlement. See ruling.

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