Keller Rohrback L.L.P. Announces ERISA Investigation of the MBIA Inc. 401(k)
Plan
SEATTLE, Jan. 8 /PRNewswire/ -- Attorney Advertising. Keller Rohrback
L.L.P. (http://www.erisafraud.com) announces that it has commenced an
investigation into MBIA Inc. ("MBIA" or the "Company") (NYSE: MBI) for
potential violations of the Employee Retirement Income Security Act of 1974
("ERISA"). The investigation focuses on investments in MBIA stock by the MBIA
Inc. 401(k) Plan (the "Plan").
Keller Rohrback's investigation involves concerns that MBIA and other
administrators of the Plan may have breached their ERISA-mandated fiduciary
duties of loyalty and prudence to participants and beneficiaries of the Plan.
A breach may have occurred if the fiduciaries failed to manage the assets of
the Plan prudently and loyally by investing the assets in Company stock when
it was no longer a prudent investment for participants' retirement savings.
If you are a member of the MBIA 401(k) Plan and purchased or held MBIA
stock in the Plan, you may contact paralegal Jennifer Tuato'o or attorneys
Tyler Farmer, Derek Loeser or Lynn Sarko toll free at 800/776-6044, or via
e-mail at investor@kellerrohrback.com.
Keller Rohrback is one of America's leading law firms handling ERISA
retirement plan litigation. We are committed to helping employees and
retirees protect their retirement savings. Keller Rohrback serves as lead and
co-lead counsel in numerous ERISA class action cases, including cases against
Enron, WorldCom, Inc., HealthSouth, and Marsh & McLennan Companies, as well as
ERISA cash balance pension plan cases, including JPMorgan Chase & Co. Keller
Rohrback has successfully provided class action representation for over a
decade. Its trial lawyers have obtained judgments and settlements on behalf of
clients in excess of seven billion dollars.
CONTACT:
Keller Rohrback L.L.P.
Jennifer Tuato'o
Paralegal
800/776-6044
investor@kellerrohrback.com
http://www.erisafraud.com
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.
SOURCE Keller Rohrback L.L.P.
Jennifer Tuato'o, Paralegal of Keller Rohrback L.L.P., 1-800-776-6044,
investor@kellerrohrback.com
