New Complaint Binds 10 Constellation ERISA Suits

Law360, New York (May 19, 2009, 12:00 AM EDT) -- With 10 similar cases now consolidated, a putative class of plaintiffs accusing Constellation Energy Group Inc. of knowingly taking on undue risk — investing hundreds of millions of dollars of pension plan members' money in the company's common stock — has filed a new complaint.

The amended lawsuit, filed Monday in the U.S. District Court for the District of Maryland, accuses the defendants of, among other things, attempting to conceal the magnitude of the energy giant's exposure to losses by providing an unduly rosy outlook even...
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