Featured Jobs
|
DWC - The 401(k) Experts
|
|
PPS Pension Services
|
|
Retirement Plan Onboarding Specialist Compass
|
|
Defined Contribution Account Manager Nova 401(k) Associates
|
|
MAP Retirement
|
|
DWC - The 401(k) Experts
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Pension Fund Claims Against Merrill Lynch Rejected by Court
The Washington Post; subscription may be required 
Feb. 2, 2005
Excerpt: A U.S. judge yesterday dismissed claims against Merrill Lynch & Co. by WorldCom Inc. employees who say the firm oversaw their pension funds and bought stock in the failing long-distance company, causing hundreds of millions of dollars in losses. The WorldCom workers sought $100 million from Merrill, the largest securities firm by capital, accusing it of violating its duties as trustee for their pension funds by investing 401(k) money in company stock, lawyers said.
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |