LOS ANGELES, June 18, 2008 (LAWFUEL) — Liner Yankelevitz
Sunshine & Regenstreif LLP (“LYS&R”) has commenced an investigation
relating to Lehman Brothers (“Lehman” or the “Company”) and potential
violations of the Employee Retirement Income Security Act of 1974
(“ERISA”). The investigation concerns investments in Lehman’s stock in
the Lehman Brothers Savings Plan (the “Plan”).
LYS&R is analyzing whether Lehman and the Plan’s fiduciaries breached
their fiduciary duties of loyalty and prudence to the Plan’s
participants. A breach may have occurred if the fiduciaries failed to
prudently manage the Plan’s assets, by among other things, offering
Lehman stock as a Plan investment option, requiring participants to
invest in the stock, and/or investing and holding Company contributions
in the stock at a time when the stock was not a suitable and
appropriate investment option. A breach also may have occurred if the
fiduciaries withheld or concealed material information from the Plan’s
participants with respect to the Company’s business, financial results,
and operations, thereby encouraging participants and beneficiaries to
continue to make and maintain substantial investments of Company stock
in the Plan.
If you are a member of the Lehman Brothers Savings Plan and would like
to discuss this matter or provide information relevant to our
investigation, you may contact any member of our team toll free at
(866) 620-6722, or via e-mail at classaction@linerlaw.com.
LYS&R is one of America’s leading law firms handling ERISA retirement
plan litigation. Our attorneys helped pioneer this field in the
Rite-Aid and McKesson ERISA breach of fiduciary duty cases, among the
first large-scale ERISA 401(k) cases filed. Visit our website at
www.californiaclassaction.com.
