Merrill Lynch

Money Moves

As of October 2026: Defendant in two cash sweep class actions; settling one for $39 million

Merrill Lynch agreed to pay $39 million to settle a class action that said it paid retirement-account customers near-zero interest on idle cash. The deal, filed Sept. 30 in Manhattan federal court, awaits approval from US District Judge Valerie Caproni.

Updated Oct 3