The Brualdi Law Firm, P.C. Announces Class Action ERISA Lawsuit Against Lehman Brothers Holdings, Inc.
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NEW YORK, July 25, 2008 (PRIME NEWSWIRE) -- The Brualdi Law Firm, P.C. announces that it has commenced an investigation of Lehman Brothers Holdings, Inc. ("Lehman Brothers" or the "Company") for potential violations of the Employee Retirement Income Benefits Security Act of 1974 ("ERISA"). The investigation concerns investments in Lehman's stock in the Lehman Brothers Holdings, Inc. Savings Plan 401(k) (the "Plan").
The Brualdi Law Firm, P.C.'s investigation involves concerns that Lehman Brothers 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. Specifically, the Brualdi Law Firm, P.C. is investigating whether certain fiduciaries of the Plan may have breached their fiduciary duties under ERISA to the Plan and its participants and beneficiaries by continuing to invest the Plan's assets in Lehman Brothers common stock when it was no longer prudent to do so.
If you are a participant in the Lehman Brothers Savings Plan 401(k) and you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Sue Lee at The Brualdi Law Firm, P.C. 29 Broadway, Suite 2400, New York, New York 10006, by telephone toll free at (877) 495-1187 or (212) 952-0602, by email to slee@brualdilawfirm.com or visit our website at http://www.brualdilawfirm.com/
CONTACT: The Brualdi Law Firm, P.C.
Sue Lee, Esq.
(212)-952-0602
(877)-495-1187
slee@brualdilawfirm.com
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