CINCINNATI, April 19, 2010 (GLOBE NEWSWIRE) -- Attorney Advertising -- The class action law firm of Statman, Harris & Eyrich, LLC ("Statman Harris") today announced that it is investigating Boston Scientific Corporation ("Boston Scientific" or the "Company") (NYSE:BSX) for potential violations of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). The investigation focuses on investments in Company stock in the Boston Scientific Corporation 401(k) Savings Plan (the "Plan").
Statman Harris' investigation involves concerns that Boston Scientific and other administrators of the Plans may have breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plan. A breach may have occurred if the fiduciaries failed to manage the assets of the Plans prudently and loyally by investing the assets in Company stock when it was no longer a prudent investment for participants' retirement savings.
If you are a participant in the Boston Scientific Corporation 401(k) Savings Plan and held Boston Scientific common stock in your Plan account, you may contact Statman, Harris & Eyrich, LLC, at 3700 Carew Tower, 441 Vine Street, Cincinnati, OH 45202, by telephone (513) 621-2666 for attorneys Elizabeth Hutton or Melinda Nenning or by email at ehutton@statmanharris.com or mnenning@statmanharris.com.