Gilman and Pastor, LLP are representing investors against State Street for breaches of fiduciary duties established by the Employee Retirement Income Security Act of 1974 ("ERISA"), as well as other ERISA violations, when they carelessly engaged in "securities lending" for their own benefit and in a manner that involved imprudent and unreasonable risk of loss to the 401(k) and pension plans that invested in the Collective Trusts. The 401(k) and pension plans suffered large financial losses as a result of these risky securities lending practices.
Send this case to a friend
Inquire about this case