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Merrill Lynch Agrees $75 Million Securities Settlement

This is a settlement for the Merrill Lynch & Co., Inc. lawsuit.

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A securities class action suit brought by employees at Merrill Lynch may be settled soon, as the investment house as agreed to pay a $75 million settlement.

The suit had reportedly claimed that Merrill had offered its employees stock in the company as part of a retirement plan option, when it was 'imprudent' to do so given its exposure to the subprime mortgage markets and other dubious investments.

APRIL-07-09: Merrill agrees to $75M settlement [BIZJOURNALS: MERRILL LYNCH AGREES $75 MILLION SETTLEMENT]

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