LAWSUITS NEWS & LEGAL INFORMATION
ITT Educational Services Inc, ESI 401(k) / ERISA Lawsuit
ITT Educational Services Inc, has been accused of securities fraud. If you are a current or former employee or are a member of any of ITT Educational Services Inc, investment plans or profit sharing retirement plans you may be included in this possible ITT Educational Services Inc, 401(k) or Employee Retirement Income Security Act (ERISA) class action. If you purchased or held ITT Educational Services Inc, stock in one of those plans during the periods Apr-22-10 to Feb-25-13, you may have a claim.
Under ERISA, ITT Educational Services Inc, employees can file a lawsuit against the company for putting stock options at risk. ITT Educational Services Inc, employees have a claim if they can prove their employer violated its fiduciary duty to its employees. Fiduciary duty refers to a company's responsibility to the people who invest in it. If an employer puts the company's interest ahead of the investors', it has broken its fiduciary duty. A fiduciary is a person that exercises discretion over the management of plan assets or exercises discretionary control over the administration of the plan.
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 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.
If you are NOT a current or former employee of this company, please use this form to register your complaint.
Published on Mar-11-13
Under ERISA, ITT Educational Services Inc, employees can file a lawsuit against the company for putting stock options at risk. ITT Educational Services Inc, employees have a claim if they can prove their employer violated its fiduciary duty to its employees. Fiduciary duty refers to a company's responsibility to the people who invest in it. If an employer puts the company's interest ahead of the investors', it has broken its fiduciary duty. A fiduciary is a person that exercises discretion over the management of plan assets or exercises discretionary control over the administration of the plan.
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 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.
ITT Educational Services Inc, 401(k) / ERISA Legal Help
If you have suffered from ITT Educational Services Inc, 401(k) plan losses, you may qualify for damages or remedies that may be awarded in a possible ITT Educational Services Inc, ERISA class action lawsuit. Please click the link below to submit your complaint and we will have a lawyer review your ERISA complaint.If you are NOT a current or former employee of this company, please use this form to register your complaint.
Published on Mar-11-13
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READER COMMENTS
Robin Kennedy
on
Melinda Parker
on
William Olson
on
Can you tell me what this is about? It seems that I'm being victimized yet again from them - but now it is our own government that is withholding our retirement funds.
Thank you for your help in advance!
William Olson
Former ITT ESI Employee 1993 to 2016
thomas l vaughn
on