BENSALEM, Pa., Aug. 29, 2007 (PRIME NEWSWIRE) -- Law Offices of Howard G. Smith announces that it is investigating claims against Countrywide Financial Corp. ("Countrywide" or the "Company") (NYSE:CFC) concerning whether the Countrywide Financial Corp. 401(k) Savings and Investment Plan (the "Plan") imprudently invested in Countrywide stock and whether Plan administrators breached their fiduciary duties to Plan participants in violation of the Employee Retirement Income Security Act of 1974.
The investigation concerns whether Countrywide and other administrators of the Plan failed to prudently and loyally manage the Plan's investment in Countrywide stock by continuing to offer Countrywide stock when the stock was no longer a prudent investment for participants' retirement savings.
If you are a current or former employee who participated in, or continues to participate in, the Countrywide Financial Corp. 401(k) Savings and Investment Plan and have information or would like to learn more about these claims, please contact Howard Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll-Free at (888) 638-4847, or by email to howardsmithlaw@hotmail.com.
If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, Toll-Free at (888) 638-4847, by email to howardsmithlaw@hotmail.com.