NEW YORK, April 15, 2008 (PRIME NEWSWIRE) -- Troubles continue for employees and investors of National City Corporation (NYSE:NCC). Yesterday, National City shares continued their now year-long slide to close at $7.56 per share. The market price of National City shares has declined $29.43 per share since April 16 of last year, or 79.56%.
Litigation on behalf of National City employees and 401(k) plan participants has commenced against the company for alleged violations of the Employee Retirement Income Security Act (ERISA) in the United States District Court for the Northern District of Ohio. If you are an employee of National City Corporation and wish to discuss the investigation or have questions concerning this notice or your rights, please contact Scott+Scott (scottlaw@scott-scott.com, (800) 404-7770, (860) 537-5537 or visit the Scott+Scott website, http://www.scott-scott.com, for more information. There is no cost or fee to you.
Scott+Scott is a law firm with significant experience in prosecuting investor and employee class actions. The firm currently is litigating major securities, antitrust and employee retirement plan actions throughout the United States and represents pension funds, foundations, individuals and other entities worldwide.
More information on this and other class actions can be found on the Class Action Newsline at http://www.primenewswire.com/ca/