Notice to All Merrill Lynch, Pierce, Fenner & Smith, Inc. Customers From the Securities Arbitration Law Firm of Klayman & Toskes

Notice to All Merrill Lynch, Pierce, Fenner & Smith, Inc.
Customers From the Securities Arbitration Law Firm of Klayman & Toskes, P.A.



BOCA RATON, Fla., March 18  /PRNewswire/ -- The Law Firm of Klayman & Toskes,
P.A. ("K&T")( http://www.nasd-law.com/ ), representing numerous Merrill Lynch,
Pierce, Fenner & Smith, Inc. ("Merrill") customers, a unit of Merrill Lynch &
Co., Inc. (NYSE:MER), continues to investigate and pursue securities
arbitration claims on their behalf.  A significant number of these claims were
filed before the National Association of Securities Dealers ("NASD") and the
New York Stock Exchange ("NYSE") following a court order issued by New York
Attorney General Eliot Spitzer on April 8, 2002, in which Merrill's "supposedly
independent and objective investment advice" was found to be "tainted and
biased by the desire to aid Merrill's investment banking business."

As a result, K&T has filed numerous claims on behalf of investors throughout
the nation who have lost tens of millions of dollars as a result of Merrill's
violations of the Securities and Exchange Act of 1934, state securities laws,
common law fraud, breach of contractual and fiduciaries duties, and gross
negligence.  According to the investigation, internal emails demonstrated that
Merrill's analysts privately disparaged companies they followed while publicly
recommending investments in those companies' stocks. Of the 24 stocks pushed by
Merrill and Henry Blodget, head of the company's internet research analyst
group, some of the more notable stocks found within pending K&T securities
arbitration claims are Aether Systems, Inc. (NASDAQ:AETH), CMGI, Inc.
(NASDAQ:CMGI), Internet Capital Group, Inc. (NASDAQ:ICGE), and InfoSpace, Inc.
(NASDAQ:INSP) to name a few.  One such pending claim, NYSE Case No. 015615
against Merrill, is seeking compensatory damages of $4,000,000 for ICGE stock
losses.  In another pending case against Merrill, Case No. 03-011637, the
Claimant is seeking compensatory damages of $1,325,000.00 in losses of CMGI,
Inc. stock as well as other stocks pushed by Merrill.  Consequently, as a
result of the N.Y. Affidavit and the investigation against Merrill and other
brokerage firms, K&T presently represents numerous similarly situated customers
who have claims against Wall Street brokerage firms before the NYSE and the
NASD worth over $300 million.

The sole purpose of this release is to investigate, on behalf of our clients,
sales practice violations of Merrill and their employees.  Presently, K&T
continues to represent several Merrill customers, as well as numerous others,
who have claims against major Wall Street brokerage firms for securities
violations including the misuse of margin, the misuse of stock option plans,
failure to supervise, unsuitability claims, misrepresentation and material
omissions of fact and excessive trading/churning of customers' accounts.

K&T has offices in California, Florida, Nebraska and New York and represents
investors throughout the nation. If you purchased some of the above mentioned
stocks as a customer of Merrill Lynch, or if you wish to discuss this
announcement or have information relevant to our securities arbitration claims,
please contact Lawrence L. Klayman, Esquire of Klayman & Toskes, P.A., at
888-997-9956 or visit us on the web at http://www.nasd-law.com/ . 

DATASOURCE: Klayman & Toskes, P.A.



CONTACT:  Lawrence L. Klayman, Esquire of Klayman & Toskes, P.A.,

[phone]



Web site:  http://www.nasd-law.com/ 

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