Merrill Lynch $39 Million Cash Sweep Settlement, Who May Qualify and Why There Is No Claim Deadline Yet
Merrill Lynch has agreed to a proposed $39 million settlement of a federal class action over the interest paid on uninvested cash in certain Merrill Edge retirement accounts. But there is no claim form or payment deadline yet: the settlement still needs court approval. The case is Sarah Valelly v. Merrill Lynch, Pierce, Fenner &…
