Colonial BancGroup, Inc Former And Current Employees Investigation Concerning Potential ERISA Breach

PRLog (Press Release) - Feb 17, 2009 -
According to a press release there is currently an ongoing investigation on behalf of former and current employees of Colonial BancGroup, Inc (NYSE: CNB)  concerning potential Employee Retirement Income Security Act (“ERISA”) Breach of Fiduciary Duty.

If you a former or current employee or are a member of any of Colonial BancGroup, Inc (NYSE: CNB) investment plans or profit sharing retirement plans investment plans or profit sharing retirement plans and purchased or held Colonial BancGroup, Inc (NYSE: CNB) between December 02, 2008 to January 27, 2009 or have information relating to this investigation, you should contact the Shareholders Foundation, Inc. immediately!

Email: mail@shareholdersfoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

Colonial BancGroup, Inc (NYSE: CNB) has been accused of securities fraud (please see:  Colonial BancGroup Inc.( NYSE: CNB) Investor Class Action Lawsuit Over Alleged Federal Securities Laws Violations By Colonia BancGroup ; url: http://www.shareholdersfoundation.com/case/colonial-bancg...  ) and according to a press release under ERISA employees (former and current) of Colonial BancGroup, Inc (NYSE: CNB) may be eligible to file a ERISA complaint for putting stock options at risk if they can prove their employer violated its fiduciary duty to them. The Fiduciary duty refers to a company’s responsibility to the people who invest in it and if an employer puts the company’s interest ahead of the investors’, it has broken its fiduciary duty., so the investigation.  ERISA, so the press release, is a federal law that sets minimum standards for pension and health plans set up by private businesses and ERISA was designed to protect people who participate in employee benefit plans, including employees with stock options in a company.

If you a former or current employee or are a member of any of Colonial BancGroup, Inc (NYSE: CNB) investment plans or profit sharing retirement plans investment plans or profit sharing retirement plans and purchased or held Colonial BancGroup, Inc (NYSE: CNB)  between December 02, 2008 to January 27, 2009 or have information relating to this investigation, you should contact the Shareholders Foundation, Inc. immediately!

Email: mail@shareholdersfoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

or send us your information by mail / facsimile:

Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
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