Stull, Stull & Brody Is Investigating Claims on Behalf of Walt Disney Co.’s (NYSE:DIS) 401(k) Plan
July 01 2016 - 7:00PM
Stull, Stull & Brody today announced that a case has been filed
and it has commenced an investigation relating to the 401(k)
defined contribution plan of Walt Disney Co. (NYSE:DIS) (“Disney”
or the “Company”). Among other things, Stull, Stull & Brody is
investigating whether fiduciaries of Disney’s 401(k) plan violated
the Employee Retirement Income Security Act of 1974 (“ERISA”) by
offering the Sequoia Fund as an investment option for Disney’s
employees and retirees investing in Disney’s 401(k) plan. The
Sequoia Fund, which was overconcentrated in Valeant Pharmaceuticals
International, Inc’s stock, and may have been imprudent for
retirement savings, has lost over 30% of its value in the past
year.
If you held the Sequoia Fund in an individual account under the
Company’s 401(k) plan during the last two years and have questions
about your legal rights or interests with respect to these matters,
please contact Michael Klein, Esq. at Stull, Stull &
Brody by e-mail at DIS@ssbny.com, by calling toll-free
1-800-337-4983 x147, by fax to 1-212-490-2022, or by writing to
Stull, Stull & Brody, 6 East 45th Street, New York,
NY 10017. You can also visit our website
at www.ssbny.com.
You may retain Stull, Stull & Brody, or other counsel of
your choice, to represent you. Stull, Stull & Brody has
litigated many class actions for violations of securities laws in
federal courts over the past 40 years and has obtained court
approval of substantial settlements on numerous occasions. Stull,
Stull & Brody maintains offices in New York and Beverly
Hills.
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
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