Lehman Brothers Lawsuit
allegedly breached ERISA duties for employee savings plan participants.
Lehman Brothers Savings Plan
Schatz Nobel Izard P.C. - Robert Izard
The investigation involves investments in the Lehman Brothers Savings Plan (the “Plan”) and whether Lehman Brothers 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.
Specifically, Lehman Brothers and the Plan's other fiduciaries continued to invest in and hold Lehman Brothers stock in the Plan despite the Company's apparent mismanagement of the risk of assets held by the Company and its failure to maintain adequate capital and liquidity.
Lehman Brothers employees who own Lehman Brothers stock through the Plan may be able to recover some of their losses. If you or anyone you know is a member of the Lehman Brothers Plan and purchased Lehman Brothers stock through the Plan, please complete a Lehman Brothers Plan Complaint Form for a free evaluation.
Lehman Brothers Savings Plan Legal Help
If you have suffered loss as a result of participation in the Plan, please click the link below to send your complaint to a lawyer to evaluate your claim at no cost or obligation.
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