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Constellation Energy Group may have breached its fiduciary duties to current and former employees who bought Constellation stock for their company sponsored retirement plan.
Investigation Source
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Investments
- Retirement Asset
- Investment Advisor Duties
Product or Service
- Retirement Plan
Injury Type
- Monetary Loss
Investigation Details
This is an investigation and pending ERISA class action complaint against Constellation Energy Group on behalf of all persons who were participants in or beneficiaries of:
(1) the Constellation Energy Group, Inc. Employee Savings Plan; and
(2) the Represented Employee Savings Plan for Nine Mile Point.
This ERISA class action includes all current and former employees and all beneficiaries that held Constellation stock in their retirement account between January 30, 2008 and the present.
The class action complaint alleges that during this time period, Constellation breached its fiduciary duties to the class members by: failing to prudently and loyally manage the Plans' assets; failing to monitor fiduciaries; failing to provide complete and accurate information to the Class; and participating in a breach by a non-fiduciary.
(1) the Constellation Energy Group, Inc. Employee Savings Plan; and
(2) the Represented Employee Savings Plan for Nine Mile Point.
This ERISA class action includes all current and former employees and all beneficiaries that held Constellation stock in their retirement account between January 30, 2008 and the present.
The class action complaint alleges that during this time period, Constellation breached its fiduciary duties to the class members by: failing to prudently and loyally manage the Plans' assets; failing to monitor fiduciaries; failing to provide complete and accurate information to the Class; and participating in a breach by a non-fiduciary.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| Constellation Energy Group, Inc. (CEG) | Constellation Energy Group, Inc. is a utility company that provides electricity and natural gas in the United States. |