ERISA Suits Against RadioShack Consolidated

Law360, New York (October 29, 2007, 12:00 AM EDT) -- Four class actions against electronics retailer RadioShack Corp. were consolidated last week into a multidistrict litigation in the Northern District of Texas in which plaintiffs allege that the company breached its fiduciary duty by leading its retiree plan participants to invest heavily in company stock.

“On the basis of papers filed and hearings held, we find that these four actions involve common questions of fact, and that centralization...in the Northern District of Texas will serve the convenience of the parties and witnesses and promote the just...
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