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Ford Motor may have breached its fiduciary duties owed to retirement plan participants.
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 class action lawsuits against Ford Motor Co on behalf of all persons who were participants in or beneficiaries of the following Ford-sponsored, defined-contribution plans (collectively "the Plans"):
(1) the Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees; and
(2) the Ford Motor Co. Tax Efficient Savings Plan for Hourly Employees
This class action runs between April 15, 2000 and the present and covers those current and former employees whose accounts included investments in Ford Motor Co. common stock.
The class action lawsuits allege that during the Class Period, Ford breached its fiduciary duties to plan participants by: failing to prudently and loyally manage the Plans' assets; failing to monitor fiduciaries; and co-fiduciary liability.
(1) the Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees; and
(2) the Ford Motor Co. Tax Efficient Savings Plan for Hourly Employees
This class action runs between April 15, 2000 and the present and covers those current and former employees whose accounts included investments in Ford Motor Co. common stock.
The class action lawsuits allege that during the Class Period, Ford breached its fiduciary duties to plan participants by: failing to prudently and loyally manage the Plans' assets; failing to monitor fiduciaries; and co-fiduciary liability.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| Ford Motor Company (F) | Ford Motor Company designs, develops, manufactures, and services cars and trucks worldwide. |