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Stember Feinstein Doyle & Payne is investigating whether certain fiduciaries of the Plan knew or should have known that its statements regarding its financial health were inaccurate, which it contends may have caused the price of LandAmerica's shares to be highly inflated.
Specifically, the firm is investigating whether LandAmerica breached its fiduciary obligations under ERISA:
-- by continuing to offer LandAmerica common stock as an investment option for participant contributions when it was imprudent to do so;
-- by failing to take action to sell LandAmerica stock or otherwise protect the Plan's assets; and
-- by failing to adequately disclose the possible consequences of its exposure to illiquid auction-rate securities.
Ellen M. Doyle of Stember Feinstein Doyle & Payne has been appointed class counsel to represent numerous classes of ERISA plan participants and has served as lead or co-lead counsel in actions recovering more than $100 million for pension plans and their participants. Please visit the Stember Feinstein Doyle & Payne (www.stemberfeinstein.com) website for more information about Ms. Doyle and the firm.
If you have an individual account with the LandAmerica Financial Group, Inc. Savings and Stock Ownership Plan, you may have legal claims under ERISA. If you wish to discuss this matter or have any questions concerning your rights with regard to this matter, please contact:
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome
SOURCE: Stember Feinstein Doyle & Payne, LLC
Stember Feinstein Doyle & Payne, LLC Ellen Doyle or Stephen Pincus, 412-281-8400 www.stemberfeinstein.com email: info@stemberfeinstein.com
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