US - Merrill Lynch has rubbished a claim by law firm Cohen, Milstein, Hausfeld & Toll which said it is investigating whether the fiduciaries of Merrill Lynch's 401(k) Savings and Investment Plan have violated the Employee Retirement Income Security Act of 1974 (ERISA).
The law firm said Merrill Lynch recently announced in a filing with the Securities and Exchange Commission (SEC) that it had taken a US$7.9bn third quarter “write-down” caused in large part by prob...
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