Mercedes Slammed with Lemon Lawsuit
Madison, WI: A judge has ordered Mercedes to $482,000 in damages and legal fees to a customer who was sold a
defective car in 2005 for $56,000 and not given a refund on time. The customer's lawyer says this judgment could be the largest involving a single car under the "lemon law", which protects consumers who buy defective (also known as "lemon") vehicles.
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ERISA Lawsuits Protect Employee Rights
Milwaukee, WI: Violations of the Employee Retirement Income Security Act (ERISA) can result in lawsuits against a company and its trustees, as plan participants fight to recover money lost due to improper handling of Employee Stock Ownership Plans (ESOPs) and other benefits plans. The US Department of Labor recently filed a lawsuit against Steven D. Westra, a former trustee of the Westra Construction Inc. ESOP, for allegedly mismanaging his company's
employee stock plan.
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TomoTherapy on the Bubble for Potential ERISA Violations
Madison, WI: According to a forthcoming issue of Investment Business Weekly, a shareholder lawsuit is pending in US District Court for the Eastern District of Wisconsin. The defendant in the matter is TomoTherapy Inc., a radiation therapy company that undertook a 401(k) plan and
ERISA pension benefits on behalf of its employees. Investigators are attempting to determine if TomoTherapy and the administrators of the Company's 401(k) plan failed to prudently conduct and manage investments.
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