NEW YORK, June 30, 2017 /PRNewswire/ -- Stull, Stull & Brody today announced that it has commenced an investigation relating to the 401(k) defined contribution plan of Sears Holdings Corp (NASDAQ: SHLD) ("Sears" or the "Company"). Among other things, Stull, Stull & Brody is investigating whether fiduciaries of Sears's 401(k) plan violated the Employee Retirement Income Security Act of 1974 ("ERISA") by offering Sears common stock as an investment option for Sears 's employees and retirees investing in Sears 's 401(k) plan. Sears common stock has lost approximately 85% of its value over the last three years as it became increasingly clear that the Company's prospects were bleak, if existent.
If you held the Sears common stock in an individual account under any of the Company's 401(k) plans during the last three years and have questions about your legal rights or interests with respect to these matters, please contact Michael Klein, Esq. at Stull, Stull & Brody by e-mail at SHLD@ssbny.com, by calling toll-free 1-800-337-4983 x147, by fax to 1-212-490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.
You may retain Stull, Stull & Brody, or other counsel of your choice, to represent you. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 40 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Beverly Hills.
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