Smurfit-Stone Employees Consolidate ERISA Actions

Law360, New York (December 1, 2010, 4:17 PM EST) -- Employees who allege that the administrators of Smurfit-Stone Container Corp.'s retirement plans breached their fiduciary duty by continuing to invest in Smurfit-Stone stock as the company went bankrupt have decided to consolidate their claims in Illinois rather than sticking with separate class actions around the country.

Three named plaintiffs in the U.S. District Court for the Northern District of Illinois filed a motion Friday to add 14 additional plaintiffs, including at least one from the District of Delaware and at least six from the Western District...
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