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Supreme Court Rules Employees Can Sue Over 401(k) Misconduct »

Posted by: Beau7890 1 year, 9 months ago

The Supreme Court handed workers a major victory yesterday by allowing them to sue over mismanagement of their 401(k) retirement accounts, in which more than 50 million employees have invested nearly $3 trillion.

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Beau7890

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Comments: 5
  • Avg rating: (+0/-0 0)k21bl
    k21bl
    Feb. 21, 2008, 7:53 a.m.

    How nice! Where I used to work the BUM's were stealing the money that was taken out of our pay check's to go toward's our 401K'S. Luckly I got all mine back!

    • Avg rating: (+0/-0 0)miklkit
      miklkit
      Feb. 21, 2008, 5:29 p.m.

      Maybe this will slow down all of the ceo's who have been raiding their company health, welfare, and retirement plans in order to give themselves a 300% raise.

      • Avg rating: (+0/-0 0)mcarpentry
        mcarpentry
        Feb. 21, 2008, 8:12 p.m.

        Will this affect company profit sharing programs as well?

        • Avg rating: (+0/-0 0)Teech
          Teech
          Feb. 21, 2008, 10:52 p.m.

          ...."to sue over mismanagement of their 401(k) retirement accounts, in which more than 50 million employees have invested nearly $3 trillion..."

          So, that means that the total amount of all the 401(k) accounts of more than 50 million Americans is LESS THAN ONE-THIRD OF THE 10 TRILLION NATIONAL DEBT BUSH HAS RUN UP IN LESS THAN 7 YEARS !!! Less than one-third! A lifetime of savings wiped out in 7 years of giving it away to the super rich 1% who must have needed it more than YOU!

          By God, that's what Neocons call good government!

          Cheer up! You voted Republican, you got your war, your nation is bankrupt, and you'll listen to FOX news tell you how good you've got it and vote Repuke again !

          • Avg rating: (+0/-0 0)MisterX
            MisterX
            Feb. 21, 2008, 11:54 p.m.

            "And so shines a good deed in a weary world"

            -Wonka

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