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Employee Stock Options Lawsuit
En Español [FRAUDE DE ERISA]
The Employee Retirement Income Security Act (ERISA) is a federal law that sets minimum standards for pension and health plans offered by private businesses to their employees. ERISA was designed to protect employees who participate in such plans.
ERISA covers health plans, retirement plans and employee stock options plans, in which employees are given the opportunity to purchase shares of a company's stock at a certain price, often lower than the actual or anticipated market price of the shares.
Under ERISA laws, the people responsible for overseeing employee benefits plans (often referred to as fiduciaries) must follow specific guidelines. These include acting in the best interests of the plan participants; providing participants with plan information, including information about plan features and funding; and providing a grievance and appeals process for participants. Breaches of fiduciary duty can result in a lawsuit being filed against plan fiduciaries.
Plan fiduciaries include plan trustees, plan administrators and people who sit on the plan's investment committee. Fiduciaries are required to act prudently, diversify investments and avoid conflicts of interest when managing a plan's assets.
Employee stock option litigation often involves a breach or misrepresentation of Stock Option Agreements; some scenarios include:
An ERISA lawsuit was filed against YRC Worldwide Inc., also known as Yellow Freight, alleging employees lost value in their plans because of imprudent investments by plan administrators.
Employee stock option lawyers have experience handling all types of employee stock option cases, and exclusively represent employees and focus their practice on employee stock option disputes, employee stock option cases, employee stock option litigation, employee stock option class actions, deceptive trade practices, and breach of Stock Option Agreements in connection with employee stock options.
Employee Stock Options Legal HelpIf you have suffered stock losses from the cancellation or devaluation of employee stock options, please click the link below to submit your complaint to a lawyer who will review your claim for free.
Last updated on Apr-15-14
EMPLOYEE STOCK OPTION LEGAL ARTICLES AND INTERVIEWS
DOL Forces Advisor to Pay for ERISA Violations
Johnston, IA: The US Department of Labor announced that its investigation into ERISA violations on the part of a financial advisor has resulted in the advisor restoring more than $300,000 to various ERISA plans. The investigation reportedly found that the advisor breached his duty to the ERISA benefits plans [READ MORE]
Are Many ERISA Plans Being Run Improperly?
Washington, DC: Employees may count themselves as fortunate if their employer offers ERISA plan benefits or other employee stock plan or retirement plan options. After all, not all employers do so, and having access to such plans can be a huge bonus for employees. The problem comes in when the plans are managed improperly. Employees faithfully pay into their various ERISA benefits plans, only to find out the plan has been mismanaged. Unfortunately, this situation is more common than people may think [READ MORE]
Excessive Fees ERISA Lawsuit Filed against Fidelity
Boston, MA: An excessive fees ERISA lawsuit has been filed against Fidelity, alleging Fidelity violated its duty under ERISA plan laws by failing to act in the interests of the plan or plan participants. According to the lawsuit, the actions of the ERISA plan fiduciaries cost plan participants around $15 million per year from 2008 to 2013 [READ MORE]
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