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National City Corporation Settles ERISA Suit for $43M
PLANSPONSOR; free registration may be requiredLink to more items from this source
[Guidance Overview]
Oct. 10, 2010
Excerpt: The settlement ... will provide for a payment of $43 million to the plan ... which will then be allocated to the accounts of all current and former participants and beneficiaries of the National City Savings and Investment Plan who had portions of their plan accounts invested in National City common stock or fund units in the National City Stock Fund at any time during the period September 5, 2006, to December 31, 2008, and to Plan participants who held mutual funds of Allegiant Asset Management Company in their Plan accounts at any time from March 25, 2002, to December 31, 2009.

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