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Article: Law Offices of Howard G. Smith Announces Investigation on Behalf of Current and Former Employees of Advanta Corp. Who Invested in the Advanta Corp. Employee Savings Plan or the Advanta Employee Stock Ownership Plan.
- Article from:
- Business Wire
- Article date:
- October 16, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BENSALEM, Pa. -- Law Offices of Howard G. Smith announces that it is investigating claims against Advanta Corp. ("Advanta" or the "Company") (Nasdaq: ADVNA) (Nasdaq: ADVNB) concerning whether the Advanta Corp. Employee Savings Plan or the Advanta Employee Stock Ownership Plan (the "Plans") imprudently invested in Advanta stock and whether the Plans' administrators breached their fiduciary duties to the Plans' participants in violation of the Employee Retirement Income Security Act of 1974 (ERISA).
The investigation concerns whether Advanta and other administrators of the Plans failed to prudently and loyally manage the Plans' investments in Advanta stock by ...