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Wal-Mart, Merrill Shell Out $13.5M To End ERISA Action

By Ben James ( December 5, 2011, 2:16 PM EST) -- A Missouri federal judge on Monday preliminarily approved a $13.5 million settlement in a class action against Wal-Mart Stores Inc. and Merrill Lynch & Co. Inc. which claimed millions of dollars of Wal-Mart employees' retirement savings were squandered on overpriced mutual funds....

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