Some Claims Against Strong Tossed In ERISA MDL

Law360, New York (March 24, 2009, 12:00 AM EDT) -- Plaintiffs in a multidistrict class action over employee retirement fund investments have reached a settlement with Strong Financial Corp., its subsidiaries and its founder, leading a judge to dismiss some claims against the company and stay the rest, while the litigation continues.

Judge J. Frederick Motz of the U.S. District Court for the District of Maryland on Monday dismissed some claims against Strong Financial Corp. and others; stayed the remaining litigation against those parties; enjoined former Strong investors from commencing any other litigation against Strong companies...
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