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20 Class Actions Score $125M From Lynch

Law360 (September 6, 2007, 12:00 AM EDT) -- A judge granted final approval Wednesday to Merrill Lynch & Co.'s $125 million settlement of 20 consolidated class actions accusing the prominent bank of misleading investors in their reports on Internet companies.

Judge John F. Keenan of the U.S. District Court for the Southern District of New York granted the plaintiffs class certification and gave his final assent to the settlement, which with interest will come to over $133 million.

As of mid-July, the plaintiffs said, over 80,000 claims for class membership had been filed....
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