Money

State Sues Merrill Lynch

TRENTON – Attorney General Anne Milgram announced the filing of a lawsuit against Merrill Lynch & Co. this week, charging that it sold New Jersey’s Division of Investment $300 million in preferred stock based on misleading information about the firm’s financial condition.

Fords Woman Named Bank Branch Sales Manager

SPRINGFIELD – Investors Savings Bank has appointed Laura Kaplan-Grimshaw to the position of assistant vice president and branch sales manager. Kaplan-Grimshaw, who has a broad background in banking, financial services and insurance, will manage Investors’ branch at 173 Mountain Avenue in Springfield.