NEW YORK, Feb. 14, 2006 (PRIMEZONE) -- Stull, Stull & Brody today announced that it has commenced an investigation relating to the Belo Savings Plan, a 401(k) defined contribution retirement plan of Belo Corporation ("Belo" or the "Company"). Among other things, Stull, Stull & Brody is investigating whether fiduciaries of the Belo Savings Plan may have violated the Employee Retirement Income Security Act of 1974 ("ERISA") by failing to disclose the Company's true operating condition to participants and beneficiaries of the Plan (including disclosures relating to Belo's reported circulation figures for publications such as The Dallas Morning News) and by offering Belo stock as an investment option under the Belo Savings Plan when it was not prudent to do so.
If you held Belo common stock in an individual account under the Belo Savings Plan during the last several years you may, if you wish, consult with a representative of Stull, Stull & Brody at no cost or obligation. The contact information for Stull, Stull & Brody is as follows:
Email: ssbny@aol.com
Fax: (212) 490-2022
Toll Free Number: 1-800-337-4983
(Edwin J. Mills, Esq. or Tzivia Brody, Esq.)
Mail: Stull, Stull & Brody
6 East 45th Street
New York, NY 10017
Stull, Stull & Brody has extensive experience in protecting the rights of 401(k) plan participants and beneficiaries and shareholders of public companies. Stull, Stull & Brody is presently representing classes of 401(k) plan participants in many class action cases throughout the country. Stull, Stull & Brody maintains offices in New York and Los Angeles.