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ERISA Class-Action Suits Shape U.S. Retirement Future
Institutional Investor Link to more items from this source
Feb. 18, 2011
8 pages; lengthy policy analysis. "In less than a decade, 800 of the largest U.S. corporations -- AOL Time Warner, AT&T, Caterpillar, Delta Air Lines and General Electric Co. among them -- have been sued by classes of employees who believed their self-directed retirement plans failed to meet standards set by the 1974 law. Today, Citigroup, Merck & Co., Morgan Stanley, Nortel Networks Corp., Pfizer and Wal-Mart Stores are embroiled in retirement-related lawsuits."

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