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January 28, 2008

Schering-Plough employees who lost money can sue company.

Some Schering-Plough employees who lost money have asked BrandweekNRX what they can do.

If you are a current or former employee or are a member of any of Schering-Plough Corporation investment plans or profit sharing retirement plans you may be included in a possible Schering-Plough Corporation 401K or Employee Retirement Income Security Act (ERISA) class action. If you purchased or held Schering-Plough Corporation stock in one of those plans during the periods July 24, 2006 to January 14, 2008, you may have a claim.

Under ERISA, Schering-Plough Corporation employees can file a lawsuit against the company for putting stock options at risk. Schering-Plough Corporation employees have a claim if they can prove their employer violated its fiduciary duty to its employees. Fiduciary duty refers to a company's responsibility to the people who invest in it. If an employer puts the company's interest ahead of the investors', it has broken its fiduciary duty. A fiduciary is a person that exercises discretion over the management of plan assets or exercises discretionary control over the administration of the plan.

See LawyersandSettlements.

Posted on January 28, 2008 |

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