Lehman Brothers ERISA Legal News Articles & Interviews

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.