Securities Fraud Lawyer - In re Merrill Lynch Research Analyst Litigation

Shapiro Haber & Urmy LLP was the first law firm to file a securities fraud class action against Merrill Lynch and Henry Blodget, its former internet stock analyst, stemming from Merrill Lynch and Blodget’s issuance to the public of false, deceptive, and overly optimistic analyst reports regarding certain internet companies. Shapiro Haber & Urmy LLP filed that class action in July, 2001, long before the New York State Attorney General disclosed that it was investigating Merrill Lynch’s research practices.

Shapiro Haber & Urmy LLP partner Edward Haber was the court-appointed co-chairman of the Plaintiffs' Executive Committee in In re Merrill Lynch Analyst Reports Sec. Litig., 02-MDL-1484 (S.D.N.Y.). Shapiro Haber & Urmy LLP was also court-appointed lead counsel in two of the Merrill Lynch securities analyst cases: InfoSpace Analyst Reports Sec. Litig., and Internet Capital Group Analyst Reports Sec. Litig. The class action was settled for $125 million.