Constellation Energy Faces New ERISA Class Action

Law360, New York (December 18, 2008, 12:00 AM EST) -- Constellation Energy Group Inc. has been hit with another lawsuit alleging that the company's pension plans racked up hundreds of millions of dollars in losses partly because the company concealed its reliance on the now-bankrupt Lehman Brothers Holdings Inc.

Joseph R. Lang, a former employee and a participant in at least one of the plans, filed the putative class action last week on behalf of himself and all others similarly situated, alleging that the power company and several officers and directors violated the Employee Retirement Income...
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