Investigation and potential class action lawsuit against General Growth Properties, Inc. ("General Growth") for potential violations of the Employee Retirement Income Security Act of 1974, as amended ("ERISA").
The class action investigation focuses on investments in General Growth stock in the General Growth Stock 401(k) Savings Plan. This investigation involves concerns that General Growth and other administrators of the Plan 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 Plan prudently and loyally by investing the assets in General Growth when it was no longer a prudent investment for participants' retirement savings.
Name (Stock Symbol)
General Growth Properties, Inc. (GGP)
General Growth Properties, Inc. is a self-administered and self-managed real estate investment trust
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