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Legal News

: Lawyers and Settlements

Mutual Fund ERISA: Braden vs. Wal-Mart

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Springfield, MO: A class action lawsuit filed in late March alleges that Wal-Mart, the giant discount retailer, violated mutual fund ERISA statutes and cost its 401(k) employee plan holders and investors $60 million in unnecessary expenditures by purchasing expensive mutual funds, when cheaper alternatives were available.

Full post as published by Lawyers and Settlements on April 17, 2008 (boomark / email).

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