MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, May 28, 2002 Merrill Fund Holders Sue The bad news is not stopping at Merrill Lynch. Last week former shareholders of the Internet Strategies Fund filed a class action lawsuit piggybacking on earlier controversy. Those suing claim that Merrill's research on Internet stocks harmed the performance of the mutual fund. Last week Merrill settled a New York State investigation into the practices of its research department by agreeing to pay a $100 million settlement. The fund lost more than 82 percent from its opening until it was merged into the Merrill Lynch Global Tech Fund in October 2001. Printed from: MFWire.com/story.asp?s=2700 Copyright 2002, InvestmentWires, Inc. All Rights Reserved |