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Employees Still Invest Their 401(k)s in Company Shares and They Still Sue If the Stock Goes South
CFO
Dec. 3, 2004 Excerpt: For Merck & Co., one trigger was the withdrawal of Vioxx from the market. For Marsh & McLennan Cos., it was news that New York State Attorney General Eliot Spitzer had launched an investigation into alleged bid-rigging. And for Delta Air Lines Inc., it was simply investors' belief that management had mismanaged the company. The result for all three companies, however, was the same: after their stock price fell precipitously, employees hit them with class-action lawsuits citing[.] MORE >> |
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