More to come in the courtroom

By Geert De Lombaerde Posted on February 9, 2009 at 9:45 pm

Healthways says a purported class action over the role of company stock in its 401(k) plan will proceed in part. Filed under ERISA, the suit contends Healthways’ board and management should have more closely monitored the plan and removed Healthways shares (Ticker: HWAY) when “it it allegedly became an imprudent investment.”

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Tags: 401(k) plan, class actions, Healthways Inc., litigation  

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