Margaret Garnett

US District Judge, Southern District of New York

Appears in 1 story

Born: 1971, West Point

Education: University of Notre Dame, Yale University, Columbia Law School

Last updated Nov 2, 2026

Stories

Merrill Lynch settles cash sweep lawsuit over near-zero interest rates

Money Moves

As of October 2026: Overseeing the second, broader lawsuit against Merrill Lynch

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