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LAWSUITS NEWS & LEGAL INFORMATION
The 60 day lead plaintiff period for this case has expired. If you are a member of the class but are not the lead plaintiff, you are an absent class member and your rights are protected during the pendency of the class action, unless you elect to opt out. As an absent class member, to share in the recovery from this case, if the case resolves successfully, you will need to file a proof of claim after the case is settled.

NATIONAL CITY SAVINGS AND INVESTMENT PLAN

In October 2007, National City ("National City" or the "Company") (NYSE: NCC) announced a big decline in earnings due to losses related to its mortgage business. National City and other administrators of the National City Savings and Investment Plan (the "Plan") may have breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plans. 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.

National City employees who own National City stock through the Plan may be able to recover some of their losses. If you or anyone you know is a member of the National City Plan and purchased National City stock through the Plan, please complete a National City Plan Complaint Form for a free evaluation.

National City Savings & Investment Plan Articles

National City Bank Investigated for Possible ERISA Breach
The bank credited with writing the very first mortgage in America has also joined the ranks of those suffering huge losses thanks to the nation's credit crisis. In so doing, National City Bank may have breached its fiduciary duties surrounding prudent management of National City 401(k) retirement Plans.

National City Savings & Investment Plan Legal Help

If you or a loved one has suffered damages in this case, please click the link below to send your complaint to a lawyer to evaluate your claim at no cost or obligation.
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LEGAL ARTICLES AND INTERVIEWS

National City Bank Investigated for Possible ERISA Breach
National City Bank Investigated for Possible ERISA Breach
February 12, 2008
The bank credited with writing the very first mortgage in America has also joined the ranks of those suffering huge losses thanks to the nation's credit crisis. In so doing, National City Bank may have breached its fiduciary duties surrounding prudent management of National City 401(k) retirement Plans. READ MORE

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