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Harrington et al v. Textron Inc. et al
Case Number:
1:09-cv-00504
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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September 21, 2011
Textron Takes 2nd Shot At Nixing ERISA Action
Textron Inc. asked a Rhode Island federal judge Tuesday to reconsider his refusal to dismiss a class action claiming the defense conglomerate breached its fiduciary duty by allowing employees to invest portions of their retirement funds in the company's inflated stock.
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September 07, 2011
Textron Fails To Dodge ERISA Class Action
A federal judge in Rhode Island refused Tuesday to dismiss a class action that claims Textron Inc. breached its fiduciary duty by failing to prudently manage an employee retirement savings plan, which lost millions of dollars when the defense conglomerate's stock tanked in 2009.