SEATTLE, June 20, 2005 (PRIMEZONE) -- Keller Rohrback L.L.P. (www.erisafraud.com) today announced that it has commenced an investigation against Ferro Corporation ("Ferro" or the "Company") (NYSE:FOE) for violations of the Employee Retirement Income Security Act of 1974 ("ERISA"). The investigation is regarding the investments in Company stock by the Ferro Corporation Savings and Stock Ownership Plan and the Ferro Corporation Bargaining Unit 401(k) Plan (the "Plans") from October 28, 2003 through the present (the "Class Period").
Keller Rohrback's investigation focuses on concerns that Ferro and other administrators of the Plans may have breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plans. A breach may have occurred if the fiduciaries failed to manage the assets of the Plans prudently and loyally by investing a significant amount of the assets in Company stock when it was no longer a prudent investment for participants' retirement savings. A breach also may have occurred if the fiduciaries withheld or concealed material information from participants and beneficiaries of the Plans with respect to the Company's business, financial results, and operations, thereby encouraging participants and beneficiaries to continue to make and maintain substantial investments of Company stock in the Plans.
If you are a member of the Ferro Corporation Savings and Stock Ownership Plan, the Ferro Corporation Bargaining Unit 401(k) Plan, or any other plan sponsored by Ferro, and purchased or held Ferro stock through those Plans, you may contact any member of our team, paralegal Jennifer Tuato'o, or attorneys Erin Riley, Derek Loeser or Lynn Sarko, toll free at 800/776-6044, or via e-mail at investor@kellerrohrback.com.
Keller Rohrback is one of America's leading law firms handling ERISA retirement plan litigation. Our attorneys helped pioneer this field in the Lucent and IKON ERISA breach of fiduciary duty cases -- the first large-scale ERISA 401(k) cases filed. Keller Rohrback serves as lead and co-lead counsel in numerous ERISA breach of fiduciary duty cases, including the Enron and WorldCom, Inc. ERISA litigations and was most recently appointed lead counsel in The Marsh & McLennan ERISA Litigation. Keller Rohrback has successfully provided class action representation for over a decade. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of 7 billion dollars.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.