In a 16 page opinion delivered this week, US District Judge Milton Pollack dismissed eight lawsuits brought against Merrill Lynch & Co by disgruntled investors who claimed that misleading reports issued by Merrill analysts artificially inflated dot-com stock prices during the late 1990s.
"The burst of the (stock market) bubble and the attendant market chaos are not chargeable" to the investment bank, Judge Pollack wrote, in a ruling consistent with others that he has given in similar cases.
According to reports, investors in eToys Inc, Homestore.com, and Pets.com Ince were among those disappointed by the ruling.
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