LAWSUITS NEWS & LEGAL INFORMATION
WACHOVIA CORPORATION EMPLOYEE SAVINGS AND 401(K) PLANS
Wachovia Corporation ("Wachovia" or the "Company") (NYSE: WB) has announced lower than expected earnings for the year 2007 and write downs of $600 million related to losses from securities backed by commercial mortgages. Wachovia and other administrators of the Wachovia Employee Savings or 401(k) Plans (the "Plans") 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 Plans prudently and loyally by investing the assets in Company stock when it was no longer a prudent investment for participants' retirement savings.
Wachovia employees who own Wachovia stock through the Plans may be able to recover some of their losses. If you or anyone you know is a member of the Wachovia 401(k) Plans and purchased Wachovia stock through the Plans, please complete a Wachovia 401 (k) Plan Complaint Form for a free evaluation.
You could forgive yourself for putting your trust�Óand your money�Óinto an institution that suggests it's gonna 'watch-over-ya.' How can it not, with a name like Wachovia? However, the opposite could be true as investors are watching Wachovia take a hit from the nation's credit crisis, and almost certain corresponding losses in 401(k) plans, and losses to Wachovia employee savings.
Last updated on
Wachovia employees who own Wachovia stock through the Plans may be able to recover some of their losses. If you or anyone you know is a member of the Wachovia 401(k) Plans and purchased Wachovia stock through the Plans, please complete a Wachovia 401 (k) Plan Complaint Form for a free evaluation.
Wachovia Employee Savings Articles
Wachovia 401(k) Investors: Who's Watching Out for You?You could forgive yourself for putting your trust�Óand your money�Óinto an institution that suggests it's gonna 'watch-over-ya.' How can it not, with a name like Wachovia? However, the opposite could be true as investors are watching Wachovia take a hit from the nation's credit crisis, and almost certain corresponding losses in 401(k) plans, and losses to Wachovia employee savings.
Wachovia Employee Savings & 401(k) 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.Last updated on
LEGAL ARTICLES AND INTERVIEWS
Wachovia 401(k) Investors: Who's Watching Out for You?
February 4, 2008
Charlotte, NC: You could forgive yourself for putting your trust—and your money—into an institution that suggests it's gonna 'watch-over-ya.' How can it not, with a name like Wachovia? However, the opposite could be true as investors are watching Wachovia take a hit from the nation's credit crisis, and almost certain corresponding losses in 401(k) plans, and losses to Wachovia employee savings. READ MORE
READ MORE Securities Settlements and Legal News