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View Full Version : supreme court goes liberal, allows 401k lawsuits


Kinky Jones
02-20-2008, 03:04 PM
http://news.yahoo.com/s/ap/20080220/ap_on_go_su_co/scotus_pension

some people who lose their life savings to scumbags now get a chance to try and recover some of their losses

The Supreme Court ruled Wednesday that individual participants in the most common type of retirement plan can sue under a pension protection law to recover their losses.

The unanimous decision has implications for 50 million workers with $2.7 trillion invested in 401(k) retirement plans.

Moby
02-20-2008, 03:18 PM
This is going to be interesting. Usually the scum bags are well protected and it's the sales guys that get screwed.