Mall Owner Faces ERISA Probe Amid Credit Strife

Law360, New York (November 13, 2008, 12:00 AM EST) -- As the country’s second-largest shopping mall owner, General Growth Properties Inc., ponders filing for bankruptcy protection, a plaintiffs firm has announced it is investigating whether the company violated the Employee Retirement Income Security Act.

Keller Rohrback LLP said Wednesday it is probing General Growth for potential ERISA violations. The firm said it is looking into whether the company and other plan administrators may have breached their ERISA-mandated fiduciary duties to participants and beneficiaries.

“A breach may have occurred if the fiduciaries failed to manage the assets...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.