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Legal News

: Lawyers and Settlements

Excessive Fees in Employee Retirement Plans

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Wichita, KS: With much of the media focused on financial scams and lawsuits involving large sums of money, it might surprise people to know that even small employee stock options plans can be hit with lawsuits. The truth is that employee savings plans and employee stock plans are subject to the Employee Retirement Income Security Act (ERISA) of 1974, meaning that if the plan's managers do not act in the best interests of plan participants, then plan participants may have cause to file a lawsuit.

Full post as published by Lawyers and Settlements on July 17, 2009 (boomark / email).

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