Investigation and potential class action lawsuit against ING Groep NV ("ING") for potential violations of the Employee Retirement Income Security Act of 1974, as amended ("ERISA").
The class action investigation focuses on investments in ING stock held by participants in the ING Stock 401(k) Savings Plan (the "Plan").
This investigation involves concerns that ING 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 ING when it was no longer a prudent investment for participants' retirement savings.
Name (Stock Symbol)
ING Groep N.V. (ING)
ING Groep N.V. is a financial services company providing banking, investments, life insurance and retirement services and operates in more than 50 countries.
The information provided on ClassAdvocate.com is general in nature,
does not apply to any particular factual situation, and is not and
should not be taken as legal or other professional advice. We make no
commitment or warranty that the factual, legal or any other information
on ClassAdvocate.com, or on any linked website, is accurate, complete,
error-free, or current. As such, you should not rely on such information,
and should seek professional advice if and as you determine appropriate.
ClassAdvocate.com is not a lawyer referral service, and no attorney-client
or confidential relationship is or should be formed by use of the site.
The investigations listed on ClassAdvocate.com are attorney advertisements
and do not in any way constitute a referral or endorsement by ClassAdvocate.com
or any approved or authorized lawyer referral service.