MRV Communications, Inc. 401(k) / ERISA Stock Fraud Lawsuit
MRV Communications, Inc. 401(k) / ERISA Stock Fraud
MRV Communications, Inc. Nasdaq: MRVC 401(k) / ERISA Stock Fraud
MRV Communications, Inc. has been accused of securities fraud. If you are a current or former employee or are a member of any of MRV Communications, Inc. investment plans or profit sharing retirement plans you may be included in this possible MRV Communications, Inc. 401(k) or Employee Retirement Income Security Act (ERISA) class action. If you purchased or held MRV Communications, Inc. stock in one of those plans during the periods Mar-31-03 to Jun-5-08, you may have a claim.Under ERISA, MRV Communications, Inc. employees can file a lawsuit against the company for putting stock options at risk. MRV Communications, Inc. employees have a claim if they can prove their employer violated its fiduciary duty to its employees. Fiduciary duty refers to a company's responsibility to the people who invest in it. If an employer puts the company's interest ahead of the investors', it has broken its fiduciary duty. A fiduciary is a person that exercises discretion over the management of plan assets or exercises discretionary control over the administration of the plan.
ERISA is a federal law that sets minimum standards for pension and health plans set up by private businesses. ERISA was designed to protect people who participate in employee benefit plans, including employees with stock options in a company. Stock options are a form of compensation in which employees are given the opportunity to purchase shares of the company stock at a certain price.
MRV Communications, Inc. 401(k) / ERISA Legal Help
If you have suffered from MRV Communications, Inc. 401(k) plan losses, you may qualify for damages or remedies that may be awarded in a possible MRV Communications, Inc. ERISA class action lawsuit. Please click the link below to submit your complaint and we will have a lawyer review your ERISA complaint.
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I have worked for this employer for only three weeks. The employer makes up his own rules as to what he chooses to report for the purpose of property taxes. He tells me to "let them come after us". He defines Entertain
He arrogantly insists, "let them come after us." Well, if you are invo...
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