Merrill to Pay Additional $125M to Settle Investor Lawsuits

A U.S. judge has ordered Merrill Lynch to pay an additional $125 million to settle 23 individual stock investor lawsuits for having published biased research by Henry Blodget. Earlier this year, a court mandated the firm pay $39 million to mutual fund investors in three lawsuits.

“We’re pleased that the judge has approved the settlements we reached in early 2006,” said Merrill spokesman Mark Herr.

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Money Management Executive
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