Judge Frees Dabit, Ending Merrill Class Action

Law360, New York (July 29, 2008, 12:00 AM EDT) -- In the class action against Merrill Lynch & Co. that accused the bank of falsifying research reports and led the U.S. Supreme Court to close a gap in class action securities litigation, a federal judge has granted the lead plaintiff's request for voluntary dismissal without prejudice, effectively terminating the long-running suit.

Judge John Keenan of the U.S. District Court for the Southern District of New York signed the notice yesterday freeing lead plaintiff Shadi S. Dabit from the suit two weeks after the bank filed a...
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