Levi & Korsinsky LLP is investigating possible illegal conduct related to SunEdison’s (NYSE: SUNE) Retirement Savings Plan. The investigation concerns possible violations of the Employee Retirement Income Security Act of 1974 (“ERISA”).
In particular, the investigation concerns whether the fiduciaries of the Plan violated ERISA by continuing to offer and maintain SunEdison stock as an investment option in the plan, even after the fiduciaries knew or should have known that SunEdison stock was artificially inflated, that the Company was in poor financial condition, and that the Company faced equally poor long term prospects, thus making it an imprudent retirement investment.
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