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Merrill Lynch to Pay N.J. $45 Million Over Pension Fund Losses
NJ.com 
Apr. 21, 2013 "In 2009, then-Attorney General Anne Milgram sued Merrill on the grounds that it misled New Jersey's Division of Investment Management when it sold the state $300 million of its own preferred stock in January 2008. According to the state's initial complaint, Merrill gave the state inaccurate financial reports and understated its risks at the time of the sale.... Merrill Lynch settled without admitting or denying liability." MORE >> |
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