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...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
