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Oneida may have breached fiduciary duties owed to Oneida sponsored stock ownership 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
Investigation and pending ERISA class action lawsuit against Oneida Ltd on behalf of all persons who were participants in or beneficiaries of the Oneida Ltd. Employee Stock Ownership Plan between May 28, 2003 to March 20, 2006 and whose accounts included investments in Oneida Ltd. common stock.
Plaintiff alleges that during the Class Period, the Defendants breached their fiduciary duties to Plaintiff and the Class members by:failing to prudently and loyally manage the Plan's assets and failing to monitor fiduciaries.
Plaintiff alleges that during the Class Period, the Defendants breached their fiduciary duties to Plaintiff and the Class members by:failing to prudently and loyally manage the Plan's assets and failing to monitor fiduciaries.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| Oneida Ltd. | Oneida Ltd. markets stainless steel silverware / flatware, and other tabletop products. |