ERISA STOCK OPTION 401(K) RETIREMENT PLAN LOSSES LAWYER

Employees whose employers  have breached  their ERISA fiduciary duties to participants of the  company's employee stock option, retirement, pension or 401(k) plan have rights.  Breaches occur when the company fiduciaries fail to manage the assets of the retirement plan properly - either by investing in company stock when it is no longer a prudent investment; or by otherwise mismanaging participants’ retirement savings.

The Employee Retirement Income Security Act ("ERISA") is a federal law that sets minimum standards for pension and health plans set up by private businesses. ERISA was designed to protect people who participate in employee benefit plans, including employees who receive stock as matching contributions in their retirement plans and employees with stock options in a company. Stock options are a form of compensation in which employees are given the opportunity to purchase shares of the company stock at a certain price. 

There are no attorney’s fees unless you recover money.  

If there is no recovery, you will not be responsible for any court costs or litigation expenses. If there is a recovery, court costs and litigation expenses are paid from your share.

Current Investigations

The custodian of your 401(k) or stock plan may have failed to take appropriate action to protect the your retirement plan from losses caused by your employer's bankruptcy.  A breach of fiduciary duty under ERISA occurs when the fiduciaries fail to prudently manage retirement plan assets by continuing to offer their own company stock as a plan investment option, and investing contributions in the stock when they knew the company stock was not a wise investment.

If you suspect your employer failed to manage your retirement plan prudently and loyally by investing in company stock when it was no longer a prudent investment for participants’ retirement savings, please complete our short CONFIDENTIAL contact form on the right side of this page or call us immediately at TOLL FREE 1.800.467.4000 . We will thoroughly examine your case, answer your questions, and inform you of your legal rights and options. 

If you are an employee participant in any of the following company's stock option, retirement or 401(k) plans, please contact us immediately. 

• American Express
  
• Anheuser-Busch Companies
• Anson Indus
  
• Autoliv Asp
  
• Avon
  
• Bank of America
• Bristol-Myers
  
• Caterpillar
  
• Dow
  
• Embarq Corp
  
• Emerson Electric Co.
  
• ExxonMobil Corporation
  
• Federal Express
  
• General Growth Properties, Inc.
  
• Hartford Financial Services Group, Inc.
  
• Healthways, Inc.
• Lockheed Martin
  
• Marathon Electric
  
• May Department Stores
  
• Motorola Corp
  
• NCR
  
• Nike, Inc.
  
• Northern Trust
  
• Novartis
  
• On-Cor Frozen Foods
  
• Oppenheimer Holdings
• Pacificorp
  
• Penske Truck Leasing, Inc
  
• Pfizer Inc
  
• Phillips Electronics
  
• Pilgrim's Pride Corp.
  
• Protective Life
  
• Raytheon
  
• Snap-On Tools
  
• Solutia Inc.
  
• The PMI Group, Inc.
  
• UPS
  
• WR Grace
   

If you are a current or former employee participant in any of the above company's stock option, retirement or 401(k) plans and held company stock in those plans, please complete our short CONFIDENTIAL contact form on the right side of this page or call us immediately at TOLL FREE 1.800.467.4000 . We will thoroughly examine your case, answer your questions, and inform you of your legal rights and options.

Various financial institutions including Northern Trust Company, Northern Trust Investments, State Street Bank & Trust, and JPMorgan Chase Bank, have unduly caused severe losses to retirement savings and pension plans through their securities lending programs.  If your employee 401(k) or pension plan is managed by one of these banking institutions please contact us immediately.

If your employer filed for bankruptcy protection and you owned company stock in your 401(k) or other retirement plan, please contact us immediately. 

The Employee Retirement Income Security Act of 1974

Commonly referred to as ERISA, the Employee Retirement Income Security Act governs the conduct of private employers who sponsor 401(k) and other retirement plan accounts. Employees nationwide depend on their company sponsored retirement plans to provide them with income after their retirement. How employers choose retirement plan investment options plays a critical role in the retirement income of all their employees.

If you suspect your employer failed to manage your retirement plan prudently and loyally by investing in company stock when it was no longer a prudent investment for participants’ retirement savings, please complete our short CONFIDENTIAL contact form on the right side of this page or call us immediately at TOLL FREE 1.800.467.4000. We will thoroughly examine your case, answer your questions, and inform you of your legal rights and options.

ERISA mandated requirements

ERISA requires employers to act prudently, loyally, and with the highest regard for the interests of employees when it comes to selecting plan investment options and investing plan assets. When a  401(k) retirement plan allows participants to exercise control over the assets in their retirement account, ERISA also requires the employer to provide complete and accurate information as well as certain other disclosures to its retirement plan participants and to offer a broad range of diversified investment options.

Unfortunately employers sometimes choose to invest millions, and in some cases, hundreds of millions of dollars of plan assets in their own company stock while at the same time engaging in highly risky and illegal business and accounting practices. These practices cause company stock to be a highly inappropriate plan investment option, and often result in enormous plan losses. We pursue ERISA breach of fiduciary duty claims against employers for losses to plans caused by imprudent investment in company stock.

Remember, when you need answers call on us.