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Corporate Fiduciary Liability Claims In the Post-Enron Era
Ross, Dixon and Bell, LLP via FindLaw
Aug. 26, 2003 Excerpt: [E]mployees have begun filing a new breed of ERISA class action lawsuits. Based on the same factual allegations generally contained in securities fraud cases, these lawsuits assert that the company and its directors and officers breached their fiduciary duties under ERISA by knowingly issuing false and misleading public statements about the company's financial condition, which induced employees to invest and maintain their plan assets in company stock at artificially high prices. MORE >> |
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