US - A participant of Exxon Mobil's 401 (k) has filed a lawsuit against Northern Trust Investments and its parent Northern Trust Company over alleged losses related to securities lending.
The lawsuit alleges that "Northern Trust defendants engaged in breaches of fiduciary duties" established by the Employee Retirement Income Security Act of 1974, as well as other ERISA violations, w...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
