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Court Certifies Class in ERISA Breach of Fiduciary Duty 401(k) Case against R.J. Reynolds Tobacco Company
Lewis, Feinberg, Lee, Renaker & Jackson P.C. Link to more items from this source
Oct. 3, 2008
Excerpt: Plaintiffs allege that defendants breached their fiduciary duty to the plan by forcing the liquidation of two investment funds consisting of stock of formerly affiliated companies without adequate investigation or analysis. At the time, the stock was trading at historic lows, but was widely expected to rise and investment analysts were increasing recommending that it be held or purchased.

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