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Legal News

: Lawyers and Settlements

Misled to Buy ERISA Stock Options

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Newport Beach, CA: While the president of Washington Mutual Inc. dumped company stock, he encouraged his employees to buy, buy, buy -- to fill out their Employee Retirement Income Security Act (ERISA) account plans. And they did, resulting today in over $150 million in total losses and devalued retirement funds for employees nationwide. Renee Mayo experienced loss from two sides.

Full post as published by Lawyers and Settlements on May 14, 2008 (boomark / email).

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