Alstom, Siemens sign rail deal to create European champion
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General Electric (GE) to Face $700M ERISA Class Action Lawsuit from Sanford Heisler Sharp in Southern District of California
September 27, 2017 12:15 PM EDTSanford Heisler Sharp LLP today filed an ERISA individual and class action against General Electric Company (NYSE: GE), General Electric Retirement Savings Plan ("the Plan") Trustees, and 30 unnamed defendants in U.S. District Court for the Southern District of California.
The Complaint asserts that GE and the Plan violated the Federal Employee Retirement Security Act (ERISA) by breaching their fiduciary duties and engaging in prohibited transactions and unlawful self-dealing detrimental to the three named plaintiffs individually and as representatives of a class. Kristi Haskins and Laura Scully of San Diego, and Donald... More
