CINCINNATI, July 29, 2008 (LAWFUEL) — The class action
Cincinnati law firm of Statman, Harris & Eyrich, LLC announces it is
investigating UBS AG (“Company”) (NYSE:UBS) for potential violations of
the Employee Retirement Income Security Act of 1974 (“ERISA”) relating
to the UBS AG Savings and Investment Plan that purchased or held UBS AG
stock (“Plan”).
This investigation focuses on whether fiduciaries of the Plan breached
their fiduciary duties by failing to prudently manage the Plan’s assets
by, among other things, offering UBS stock as an investment option when
it was no longer prudent to do so or encouraging that the Plan invest
in UBS stock while withholding or concealing material business or
financial information from the Plan’s participants and beneficiaries.
Specifically, the firm is investigating whether fiduciaries of the Plan
knew, or should have known, of the apparent mismanagement of the risk
of assets held by the company and its gross failure to maintain
adequate capital and liquidity.
Current and former employees of UBS who currently hold UBS stock in the
Plan may have a claim to recover losses in their retirement investment.
If you are interested in protecting the value of your investment,
please contact Elizabeth L. Hutton, Esq. at (513) 621-2666 or (888)
876-7881, or via e-mail at ehutton@statmanharris.com for further
information without any obligation or cost to you.
