NEW YORK, April 16, 2007 (PRIME NEWSWIRE) -- The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com), representing numerous Merrill Lynch customers throughout the nation, advises all Merrill Lynch customers who are eligible to participate in the Settlement of the Merrill Lynch Research Reports Securities Litigation, Case No. 02 MDL 1484, to explore all their legal options before the May 18, 2007 opt-out deadline.
Pursuant to the Class Action, Class Members include those investors who suffered losses as a result of their purchase of the following stocks through Merrill Lynch, during the relevant time periods:
1. InfoSpace, Inc. (Nasdaq:INSP) Dec. 6, 99 - Jan. 22, 01
2. Internet Architecture HOLDRs
(AMEX:IAH) Feb. 24, 00 - Apr. 8, 02
3. Internet Capital Group
(Nasdaq:ICGE) Aug. 30, 99 - Nov. 8, 00
4. Internet HOLDRs (AMEX:HHH) Sep. 23, 99 - Apr. 8, 02
On March 30, 2006, Merrill Lynch agreed to settle claims relating to the Class Action for $125 million. However, this amount represents just a fraction of the market losses sustained on the securities at issue. Accordingly, K&T urges investors who sustained losses of $100,000 or more in their Merrill Lynch accounts to consider pursuing an individual securities arbitration claim as an alternate means to recovering their financial losses. Empirical evidence shows that investors may achieve an overall higher rate of recovery by filing an individual securities arbitration claim.
In the coming months, K&T plans to assist Merrill Lynch customers 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 Jahan K. Manasseh, Esquire of Klayman & Toskes 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.
More information on this and other class actions can be found on the Class Action Newsline at www.primenewswire.com/ca/