Case Details for "General Growth Properties, Inc."

General Growth Properties, Inc. (General Growth or the Company) (NYSE:GGP) for potential violations of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The investigation focuses on investments in Company stock in the General

The investigation involves concerns that General Growth and other administrators of the Plan may have breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plan. A breach may have occurred if the fiduciaries failed to manage the assets of the Plan prudently and loyally by investing the assets in Company stock when it was no longer a prudent investment for participants' retirement savings.

Posted on:11/12/2008
Company: General Growth Properties, Inc.
Affected Class:
Scope: Nationwide

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