MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, April 26, 2013 GM Workers Sue Fidelity A legal fight has broken out between workers at General Motors and Fidelity Investments. The Detroit News reports that the Boston law firm Shapiro Haber & Urmy has filed a suit seeking class-action status against Fidelity Investments, claiming the firm illegally skimmed tens of millions dollars from the retirement accounts of hourly workers at General Motors Corp. The complaint, filed Thursday in U.S. District Court in Massachusetts, alleges Fidelity improperly kept interest generated when account holders' cash is temporarily placed in interest-bearing accounts when deposited, withdrawn or transferred. Read more about the suit in the The Detroit News . Printed from: MFWire.com/story.asp?s=43716 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |