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Shirk v. Fifth Third Bancorp: Ohio Federal Court Certifies ERISA Class Action
Michael J. Hassen, Jeffer Mangels Butler & Marmaro LLP [Guidance Overview] Oct. 14, 2008 Excerpt: Plaintiffs, former employees of Fifth Third Bancorp and participants in the company's profit sharing plan, filed a class action against various defendants alleging breach of fiduciary duties under ERISA; specifically, the class action complaint asserted that the company's stock was an 'imprudent investment' during the proposed class period. |
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