MBIA, Inc.

An investigation has begun into the financial services company alleging violations of the Employee Retirement Income Security Act of 1974. The complaint involves concerns that administrators of the MBIA Inc. 401(k) Plan may have breached their ERISA mandated fiduciary duties to plan participants and beneficiaries. A breach of fiduciary duties occurred when fiduciaries failed to manage the assets of the plan in the sole interest of the plan participants by investing the assets in company stock when it was no longer a prudent investment for participants' retirement savings.

MBIA, Inc. Legal Help

If you have suffered 401k losses in this ERISA fraud case, please click the link below to send your complaint to a lawyer to evaluate your claim at no cost or obligation.
Published on Jan-16-08