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Sears Hit with Second Lawsuit Over Company Stock in 401(k) Plans
Bloomberg BNA 
Aug. 11, 2017
"Numerous publicly known 'red flags' alerted Sears that its own stock was an 'unsuitable' investment for retirement, a participant in Sears' savings plan alleged in a lawsuit filed Aug. 10 in federal court in Illinois. Despite this knowledge, plan fiduciaries 'stood idly by' and failed to properly monitor the continued prudence of investing Sears stock while the value of the participants' investments in stock continued to plummet, the lawsuit said."
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