The Brualdi Law Firm, P.C. has issues a press release regarding suit they have filed against Lehman Brothers Holdings, Inc. for potential violations of ERISA.  The suit concerns Lehman Brother’s 401(k) plan, which comes within the purview of ERISA.  Brualdi, representing members of the Plan, assert that Lehman Brothers and other administrators of the Plan may have breached their fiduciary duties, owed to plan participants.  Such a breach may occur when fiduciaries fail to prudently manage plan assets.

SOURCE: The Brualdi Law Firm

The Brualdi Law Firm, P.C.

29 Broadway, Suite 2400

New York, NY 10006

http://www.brualdilawfirm.com/

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This entry was posted by Adam V. Russo on Tuesday, July 29th, 2008 at 1:35 pm and is filed under Fiduciary Liability, Litigation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.