ERISA Suit Over Flagstar Plan's Stock Holdings Nixed
By Erin Marie Daly ( April 1, 2011, 4:53 PM EDT) -- A Michigan federal judge on Thursday tossed a proposed Employee Retirement Income Security Act class action accusing Flagstar Bancorp Inc. of breaching its fiduciary duty of prudence by pouring money into shares of the savings and loan company even as they plunged in value....
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