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Case Status:    SETTLED
On or around 06/01/2009 (Date of order of final judgment)

Filing Date: April 25, 2003

On September 5, 2007, the Court issued the Opinion and Order No. 95140. According to the Order, U.S. District Judge John F. Keenan certified the class action, approved the settlement, approved the Plan of Allocation and finalized the award of attorneys’ fees and expenses. On September 19, 2007, the Court entered the Order and Final Judgment for In re Merrill Lynch Research Reports Securities Litigation, 02 MDL 1484.

According to the Notice of Pendency and Proposed Settlement of Class Actions, dated March 19, 2007, for In re Merrill Lynch Research Reports Securities Litigation, 02-MDL-1484, the case All Aboard the Training Junction v. Merrill Lynch & Co., 03-CV-2927(JFK) (relating to stock of Doubleclick, Inc.), is part of a proposed settlement of $125 million in cash. A settlement hearing will be held before the Honorable John F. Keenan, United States District Judge of the Southern District of New York to determine whether the settlement should be approved.

According to the docket posted, on May 8, 2006, the Court entered the true copy of the Order from the U.S. Court of Appeals for the Second Circuit. A stipulation was filed withdrawing the appeal from active consideration without prejudice and with leave to reactivate.

Previously, on November 17, 2003, the Court issued an Order granting defendant Merrill Lynch & Co., Inc.'s motion to dismiss the Consolidated Amended Class Action Complaint, with prejudice because it failed to meet the essential pleading requirements. The plaintiff later filed a notice of appeal.

The original complaint charges defendants Merrill Lynch and Blodget with violations of the Securities Exchange Act of 1934. The complaint alleges that defendants issued analyst reports concerning DoubleClick that recommended the purchase of DoubleClick common stock and that set price targets for DoubleClick common stock, which were materially false and misleading and lacked any reasonable factual basis. In particular, it is alleged that defendants failed to disclose significant material conflicts of interest which resulted from the use by defendant Merrill Lynch of defendant Blodget's reputation and ability to issue favorable analyst reports, in order to obtain investment banking business for Merrill Lynch. It is also alleged that defendants, in issuing their DoubleClick analyst reports, in which they recommended the purchase of DoubleClick securities, failed to disclose material, non-public, adverse
information which they possessed about DoubleClick. Throughout the Class Period, defendants maintained an "Accumulate/Buy" or "Buy/Buy" recommendation on DoubleClick stock in order to obtain and support lucrative financial deals for Merrill Lynch.

COMPANY INFORMATION:

Sector: Financial
Industry: Misc. Financial Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: DCLK
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 03-CV-2927
JUDGE: Hon. Milton Pollack
DATE FILED: 04/25/2003
CLASS PERIOD START: 11/29/1999
CLASS PERIOD END: 04/15/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Murray, Frank & Sailer LLP
    275 Madison Ave 34th Flr, Murray, Frank & Sailer LLP, NY 10016
    212.682.1818 212.682.1892 · email@murrayfrank.com
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 03-CV-2927
JUDGE: Hon. Milton Pollack
DATE FILED: 10/22/2003
CLASS PERIOD START: 11/29/1999
CLASS PERIOD END: 04/15/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Murray, Frank & Sailer LLP
    275 Madison Ave 34th Flr, Murray, Frank & Sailer LLP, NY 10016
    212.682.1818 212.682.1892 · email@murrayfrank.com
No Document Title Filing Date