|
Many American employees participate in and rely on retirement plans offered by their employers. Yet, as recent scandals like Enron have made clear, the mismanagement of these plans can have devastating results. Management often shirks their fiduciary responsibility owed to the retirement plans in favor of pushing the plans to hold more company stock than justified. When misrepresentations and failure to disclose adverse information about the company's financial condition eventually damage the value of the stock, the effects of these retirement plans over funded in company stock can be monumental. Robbins Umeda & Fink, LLP therefore frequently represents employees and former employees in class action suits of this kind, defending the rights of individuals who have been adversely affected by these breaches in trust and seeking remedies on their behalf.
|