NEW YORK, April 15, 2008 (Lawfuel) — Troubles continue for
employees and investors of National City Corporation (NYSE:NCC).
Yesterday, National City shares continued their now year-long slide to
close at $7.56 per share. The market price of National City shares has
declined $29.43 per share since April 16 of last year, or 79.56%.
Litigation on behalf of National City employees and 401(k) plan
participants has commenced against the company for alleged violations
of the Employee Retirement Income Security Act (ERISA) in the United
States District Court for the Northern District of Ohio. If you are an
employee of National City Corporation and wish to discuss the
investigation or have questions concerning this notice or your rights,
please contact Scott+Scott ([email protected], (800) 404-7770,
(860) 537-5537 or visit the Scott+Scott website,
http://www.scott-scott.com, for more information. There is no cost or
fee to you.
Scott+Scott is a law firm with significant experience in prosecuting
investor and employee class actions. The firm currently is litigating
major securities, antitrust and employee retirement plan actions
throughout the United States and represents pension funds, foundations,
individuals and other entities worldwide.
More information on this and other class actions can be found on the
Class Action Newsline at http://www.primenewswire.com/ca/
CONTACT: Scott+Scott LLP