Hagens Berman Sobol Shapiro Investigations

Merrill Lynch Co.

Date Started: November 2, 2007

Hagens Berman Sobol Shapiro is investigating Merrill Lynch & Co. for potential violations of the Employee Retirement Income Security Act of 1974 ("ERISA"). The investigation was triggered by the announcement of the SEC's probe of claims that Merrill Lynch made deals to hide its exposure to high-risk mortgage debt, ultimately putting the company's assets and retirement funds at risk.

Hagens Berman's investigation focuses on investments in Merrill Lynch stock by the Merrill Lynch & CO. 401(k) Savings and Investment Plan (the "Plan"), and involves concerns that the administrators of the Plan may have breached their duties of loyalty and prudence to participants and beneficiaries of the Plan. A breach may have occurred under ERISA if the plan adminstrators failed to manage the assets of the Plan prudently and loyally by investing the assets in Company stock when it was no longer a prudent investment for participants' retirement savings.

If you are a current or former employee of Merrill Lynch and hold Merrill Lynch stock in the Merrill Lynch & Co., Inc. 401(k) Savings & Investment Plan, we encourage you to contact our attorneys at mer@hbsslaw.com detailing your circumstance and whether or not you believe you could be involved.

 

Investigations

Hagens Berman Sobol Shapiro Practice Area
ERISA
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