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|Pension Fund Claims Against Merrill Lynch Rejected by Court|
The Washington Post; subscription may be required
Feb. 2, 2005
Excerpt: A U.S. judge yesterday dismissed claims against Merrill Lynch & Co. by WorldCom Inc. employees who say the firm oversaw their pension funds and bought stock in the failing long-distance company, causing hundreds of millions of dollars in losses. The WorldCom workers sought $100 million from Merrill, the largest securities firm by capital, accusing it of violating its duties as trustee for their pension funds by investing 401(k) money in company stock, lawyers said.
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