SEATTLE, Oct. 24, 2008 (GLOBE NEWSWIRE) -- Attorney Advertising. Keller Rohrback L.L.P. (www.erisafraud.com) today announced that it is investigating the investment activities of The Northern Trust Company ("NTC") and Northern Trust Investments, N.A. ("NTI") with respect to NTC and NTI's engagement in securities lending programs. These lending programs have resulted in severe losses to retirement savings and pension plans protected under the Employee Retirement Income Security Act ("ERISA").
Keller Rohrback's investigation focuses on allegations that NTC and NTI, as well as several other financial institutions, engaged in securities lending programs that involved inappropriate risk and led to inappropriate losses to ERISA-protected retirement plans. Funds invested on behalf of many ERISA-protected retirement plans were supposed to have been benchmarked against common indices, i.e., the S&P 500 Index or the Lehman Brothers Aggregate Bond Index. However, the funds that several retirement plans were invested in have not been performing comparatively with their benchmarks due to the alleged inappropriate risk that companies like NTC and NTI engaged in.
If you are a fiduciary of an ERISA-protected retirement savings or pension plan and your plan has suffered losses as a result of the above-mentioned practices by NTC, NTI or other ERISA Investment Managers with securities lending practices for ERISA plans, you may contact paralegal Jennifer Tuato'o or attorneys 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. We are committed to helping employees and retirees protect their retirement savings. Keller Rohrback serves as lead and co-lead counsel in numerous ERISA class action cases, including cases against Enron, WorldCom, HealthSouth, Marsh & McLennan, and Merrill-Lynch. 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 seven billion dollars.
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.