 |
 |
 |
|
|
Home Page >> Possible Cases >> Lehman Brothers
Lehman Brothers Savings PlanSchatz Nobel Izard is investigating potential claims against Lehman Brothers Holdings (“Lehman Brothers” or the “Company”) (NYSE: LEH) for violations of the Employee Retirement Income Security Act of 1974 (“ERISA”).
LEHMAN BROTHERS ERISA IN THE NEWS
Lehman Brothers ERISA Investigation
The investigation involves investments in the Lehman Brothers Savings Plan (the “Plan”) and whether Lehman Brothers and other administrators of the Plan may have breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plan. A breach may have occurred if the fiduciaries failed to manage the assets of the Plan prudently and loyally by investing the assets in Company stock when it was no longer a prudent investment for participants' retirement savings.
Specifically, Lehman Brothers and the Plan's other fiduciaries continued to invest in and hold Lehman Brothers stock in the Plan despite the Company's apparent mismanagement of the risk of assets held by the Company and its failure to maintain adequate capital and liquidity. Lehman Brothers employees who own Lehman Brothers stock through the Plan may be able to recover some of their losses. If you or anyone you know is a member of the Lehman Brothers Plan and purchased Lehman Brothers stock through the Plan, please complete a Lehman Brothers Plan Complaint Form for a free evaluation. Lehman Brothers Savings Plan Legal HelpIf you have suffered loss as a result of participation in the Plan, please click the link below to send your complaint to a lawyer to evaluate your claim at no cost or obligation.Posted on Jun-23-08 Updated on Jul-21-08 |
Search 10,000 recent cases and settlements Lawsuits: Services:   |
|||||||||
Hartford, CT: If you were counting on investments in the Lehman Brothers Savings Plan to help pay for your retirement, you are probably among the many people currently rethinking that plan. Lawsuits filed against Lehman Brothers allege that the company violated the Employee Retirement Income Security Act of 1974 (ERISA) in its managing of the Savings Plan. Plaintiffs allege that money they believed was prudently invested was actually invested to the benefit of the company and not plan participants. [ 
Hartford, CT: Lehman Brothers has become yet another name in a long list of companies facing ERISA lawsuits related to its handling of 401(k) plans. Companies like Lehman Brothers are finding themselves facing such lawsuits with increasing frequency, as plan participants realize that companies are withholding important information regarding plan stability. The participants are also learning that their assets are being not being invested with their best interests in mind. [ © 2001-2008 Online Legal Marketing. All rights reserved.
