NEW YORK, April 19, 2006 (PRIMEZONE) -- The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com), representing numerous Merrill Lynch, Pierce, Fenner and Smith ("Merrill Lynch") customers throughout the nation, announced today that Merrill Lynch agreed to settle 23 Class Actions related to the firm's research reports on securities of internet companies, including:
1. In re Merrill Lynch Openwave Systems, Inc. Research Reports
Securities Litigation, 02-CV-3252 (Nasdaq:OPWV);
2. In re Merrill Lynch Pets.com, Inc. Research Reports Securities
Litigation, 02-CV-3634; and
3. In re Merrill Lynch Quokka Sports Research Reports Securities
Litigation, 02-CV-7585 (Pink Sheets:QKKAQ).
However, K&T reminds class members who are eligible to participate in the settlement of Merrill Lynch Research Class Actions to explore all of their legal options against Merrill Lynch before they file a proof of claim. K&T strongly advises those eligible class members to consider filing an individual securities arbitration claim as an alternative means to recover their financial losses. Empirical evidence shows that investors may achieve an overall higher rate of recovery by filing an individual securities arbitration claim.
Accordingly, K&T plans to assist individual investors who sustained losses in their Merrill Lynch accounts to recover their financial losses in securities arbitration claims before the National Association of Securities Dealers and the New York Stock Exchange. For more information, please contact Lawrence L. Klayman, Esquire, at 888-997-9956 to discuss your legal options and/or the possibility of pursuing an individual securities arbitration claim. You may also visit us on the web at http://www.nasd-law.com.