Merrill Lynch Alternative Note Asset Trust Series

If you purchased or otherwise acquired Merrill Lynch Alternative Note Asset Trust Series 2007-A3, 2007-AF1, 2007-F1, Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-2, 2007-3, 2007-4, 2007-A, Merrill Lynch Mortgage Investors Trust Series 2006-MLN1, 2006-FM1, 2006-FF1, 2006-RM5, MLCC 2006-2, 2006-AHL1, 2006-RM3, 2006-WMC1, 2006-WMC2, 2006-A1, Ownit Mortgage Loan Trust Series 2006-2, You must submit the settlement "Proof" form attached below, in order to participate in this settlement. There is a strict deadline of April 25, 2012 by which all claims must be submitted. The instructions for submitting are included in the "Proof" and the "Notice" files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, FOLLOW THE DIRECTIONS IN THE "PROOF".

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Merrill Lynch & Co.
Case Name: 
Merrill Lynch & Co. Inc. Case 12/12/2008
Case Status: 
Lawsuit Filed
Case Status: 
Settlement Proposed
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
12/12/2008
Court of Filing: 
U.S. District Court for the Southern District of New York
Settlement Amount: 
$315,000,000
Deadline to Participate in Settlement: 
04/25/2012
Settlement Notice: 
Settlement Proof: 
Summary: 

On October 20, 2011, following mediation and negotiations with the assistance of a former federal judge, the Settling Parties executed a Confidential Term Sheet to Settle Class Action reflecting an agreement in principle to settle the Action for $315 million.

On March 22, 2011, a Motion for Class Certification was filed, which was granted on JJune 16, 2011.

On November 8, 2010, the Court granted in part and denied in part defendants’ motions to dismiss, dismissing with prejudice the claims against J.P. Morgan Securities, Inc., and ABN AMRO, Incorporated, and therefore, as to all defendants, the claims that relate to the C-BASS 2007-CB4 offering.

On July 6, 2010, Lead Plaintiff filed the Amended Class Action Complaint for Violation of §§ 11,12(a)(2) and 15 of the Securities ActOn March 31, 2010, the Court granted in part and denied in part defendants’ motions to dismiss the consolidated class action complaint.

On May 20, 2009, Lead Plaintiff filed the consolidated class action complaint.

On February 17, 2009, another investor filed a related action in the Southern District of New York, alleging violations of §§ 11, 12(a)(2) and 15 of the Securities Act. By Order dated April 2,2009. By Order dated April 23, 2009, the Court appointed the Lead Plaintiff and the lead counsel for the case.

On December 12, 2008, an investor filed a lawsuit on behalf of those who purchased or otherwise acquired Merrill Lynch Alternative Note Asset Trust Series 2007-A3, 2007-AF1, 2007-F1, Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-2, 2007-3, 2007-4, 2007-A, Merrill Lynch Mortgage Investors Trust Series 2006-MLN1, 2006-FM1, 2006-FF1, 2006-RM5, MLCC 2006-2, 2006-AHL1, 2006-RM3, 2006-WMC1, 2006-WMC2, 2006-A1, Ownit Mortgage Loan Trust Series 2006-2 against Merrill Lynch and certain other defendants in the United States District Court for the Southern District of New York, asserting claims under §§ 11, 12(a)(2) and 15 of the Securities Act of 1933.