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Suit Claims IGT Employees Harmed by Retirement Plan Investment
Las Vegas Sun 
Oct. 5, 2009 Excerpt: There's a new twist in the shareholder legal actions against International Game Technology over the decline in IGT's stock price since 2007. The casino supplier is now being sued by two groups of employee retirement plan participants who say the plan made a poor investment decision when it invested in the company's own stock. Two lawsuits seeking class-action status to represent past and current IGT employees were filed against IGT on Friday in U.S. District Court for Nevada, charging the employees were harmed when the company's retirement plan invested in IGT stock at a time when IGT stock allegedly was inflated by false statements about the company's prospects. MORE >> |
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