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Home > Professional Resources > Publications > Class Action Law Reporter > November 2010
November 2010
The plaintiffs alleged that the defendants breached their fiduciary duties by failing to disclose the company’s losses to plan participants; adequately monitor the plan’s management; and avoid conflicts of interest by appointing an independent administrator to choose how the participants’ money would be invested. The parties settled for $43 million. In re Natl. City Corp. Secs., Derivative & ERISA Litig.