Law Offices of Gary Martin Hays & Associates
P.C.
75 Ponce De Leon Ave NE Ste 101
Atlanta,
GA 30308(470) 294-1674
www.garymartinhays.com
The District Court erred in ruling that former employees who were participants in a defined contribution plan may not prosecute a derivative action on behalf of an employees' savings plan to recover losses sustained by the plan because of alleged breaches of fiduciary duty; plaintiffs may seek money damages on behalf of the fund, notwithstanding the fact that the alleged fiduciary violations affected only a subset of the saving plan's participants.
September 12, 2005 at 12:00 AM
1 minute read
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