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Merrill Lynch Lawsuit Dismissed

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Merrill Lynch Lawsuit Dismissed

Business

Merrill Lynch Lawsuit Dismissed

Merrill Lynch Lawsuit Dismissed

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  • <iframe src="https://www.npr.org/player/embed/1318527/1318528" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

A federal judge throws out a lawsuit filed by mutual fund investors who claimed they lost money because of shoddy research reports from investment firm Merrill Lynch. It's the third lawsuit against securities firms dismissed by Judge Milton Pollack this week. Pollack has denounced investors for trying to recover money he says they lost fairly. NPR's Jim Zarroli reports.