U.S justices agree to hear Fifth Third Bancorp class action case
WASHINGTON Dec 13 (Reuters) - The U.S. Supreme Court on Friday agreed to weigh whether Fifth Third Bancorp can be sued for putting company stock in its employee retirement plan ahead of the housing downturn.
The court will consider a lawsuit filed by two employees, John Dudenhoeffer and Alireza Partovipanah, who alleged that the bank and officers in charge, including its president and CEO, Kevin Kabat, violated their fiduciary duties.
- Mexican train derails, stranding 1,300 migrants headed toward U.S.
- Gaza toll nears 100, Israel to counter rockets 'with all power' |
- Texas mass murder suspect collapses in court as crime recounted
- Ukraine says rebels will pay as missiles kill 23 soldiers |
- British 'Harry Potter' actor David Legeno found dead in U.S. park