Lincoln National Can't Shake ERISA Suit

Law360, New York (April 21, 2010, 1:33 PM EDT) -- A federal judge has rejected a bid by Lincoln National Corp. to toss a putative class action alleging the insurer's retirement plans were imprudent to invest in company stock because of Lincoln's exposure to mortgage-backed securities.

Judge Anita B. Brody of the U.S. District Court for the Eastern District of Pennsylvania on Tuesday denied Lincoln National's motion to dismiss the suit, saying that given the present interest in the origins of the financial crisis, it would be irresponsible to cut off discovery at this stage of...
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