2 Classes Certified In First Horizon ERISA Suit

Law360, New York (June 6, 2011, 3:34 PM EDT) -- A Tennessee federal court certified two classes of plaintiffs Friday in a suit claiming that a retirement plan for First Horizon National Corp. employees imprudently invested plan funds in company stock and mutual funds.

The plaintiffs had requested that the court certify just one class, but U.S. District Judge S. Thomas Anderson decided Friday that two classes would be better, one that had invested in First Horizon stock, and another that had invested in First Horizon’s proprietary mutual or money market funds.

The class action was...
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