Merrill Lynch Fraud Lawsuit

Just one of the ten Wall Street firms agreeing to pay $1.4 billion to end the SEC inquiry, Merrill Lynch was also just one of three of the nation’s largest investment firms to settle fraud case. Regulators stressed they would purse cases against Merrill Lynch former star analyst Henry Blodget and their supervisors after Blodget agreed to pay $4 million for issuing fraudulent research reports. By paying the penalty, Blodget was able to avoid admitting to or denying any wrongdoing, which did not stop Merrill Lynch stock fraud lawsuits from being filed.

The Merrill Lynch stock fraud lawsuits have evidence to back up the allegations of fraud. An email was released showing a Merrill Lynch analyst sharing unpublished research reports with top management at Tyco International, one of many factors to spark Merrill Lynch stock fraud lawsuits from being filed. One year before the global settlement, Merrill Lynch had settled a probe after being charged with fraud for its research on GoTo.Com and InfoSpace Inc, and investors that suffered high losses wonder how much fraud Merrill Lynch has been involved in. Merrill Lynch was also charged with making exaggerated statements regarding certain stocks and frustrated investors are seeking to recover damages through Merrill Lynch stock fraud lawsuits.

Recently, Merrill Lynch agreed to pay $80 million to resolve SEC allegations over 1999 financing deals with Enron. Contact us for more information on Merrill Lynch stock fraud lawsuit news.

Contact us if you would like more information about the Merrill Lynch Lawsuit. File your stock fraud lawsuit here, Select your state!