Stull, Stull & Brody announced today that on March 9, 2010 the Honorable Judge Lefkow of the United States District Court for the Northern District of Illinois, Eastern Division, denied in part Northern Trust Company's (NASDAQ:NTRS) motion to dismiss the ERISA class action complaint which had been filed on behalf of certain participants who held Northern Trust stock in their Northern Trust Company Thrift-Incentive Plan (the "Plan") accounts.
The ERISA class action, Patten v. Northern Trust Co., et al., No. 08-CV-5912 (N.D. Ill.), was filed on October 15, 2008 and was brought on behalf of all participants in the Plan who purchased and/or held shares of the Northern Trust Stock Fund at any time between October 19, 2007 and January 14, 2009. The case alleges that Northern Trust and other fiduciaries of the 401(k) plan negligently managed and administered the 401(k) plan by offering the Northern Trust Stock Fund while the Northern Trust Stock Fund was an imprudent retirement savings investment.
If you were a participant in Northern Trust's 401(k) plan and held Northern Trust stock in your plan account at any time between October 19, 2007 and January 14, 2009 and would like more information about the lawsuit, or about how you may participate in the lawsuit, you may contact Plaintiff's counsel, Stull, Stull & Brody. There is no cost or obligation. The contact information is Edwin J. Mills, Esq. or Michael J. Klein, Esq. at Stull, Stull & Brody by calling toll-free 1-800-337-4983, or by e-mail at SSBNY@aol.com, or by fax at 212/490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017.
Contacts:
Stull, Stull & Brody
Edwin J. Mills, Esq. or Michael J. Klein,
Esq., 1-800-337-4983
Fax: 212-490-2022
SSBNY@aol.com
6
East 45th Street
New York, NY 10017
