Keller Rohrback L.L.P. Announces ERISA Investigation of the National City Savings and Investment Plan |
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By: Keller Rohrback L.L.P. Posted: 2008-01-09 02:36:02 |
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Attorney Advertising. Keller Rohrback L.L.P. (http://www.erisafraud.com) announces that it has commenced an investigation against National City Corp. ("National City" or the "Company") (NYSE: NCC) for potential violations of the Employee Retirement Income Security Act of 1974 ("ERISA"). The investigation focuses on investments in National City stock by the National City Savings and Investment Plan (the "Plan").
Keller Rohrback's investigation involves concerns that National City and other administrators of the Plan may have breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plan. A breach may have occurred if the fiduciaries failed to manage the assets of the Plan prudently and loyally by investing the assets in Company stock when it was no longer a prudent investment for participants' retirement savings. If you are a member of the National City Savings and Investment Plan and purchased or held National City stock in the Plan, you may contact paralegal Jennifer Tuato'o or attorneys Tyler Farmer, Derek Loeser or Lynn Sarko toll free at 800/776-6044, or via e-mail at investor@kellerrohrback.com. Keller Rohrback is one of America's leading law firms handling ERISA retirement plan litigation. We are committed to helping employees and retirees protect their retirement savings. Keller Rohrback serves as lead and co-lead counsel in numerous ERISA class action cases, including cases against Enron, WorldCom, Inc., HealthSouth, and Marsh & McLennan Companies, as well as ERISA cash balance pension plan cases, including JPMorgan Chase & Co. Keller Rohrback has successfully provided class action representation for over a decade. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars. CONTACT: Keller Rohrback L.L.P. Jennifer Tuato'o Paralegal 800/776-6044 |
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