NEW YORK, May 20, 2016 /PRNewswire/ -- Stull, Stull & Brody today announced that it has commenced an investigation relating to the 401(k) defined contribution plan of FMC Corporation (NYSE: FMC) ("FMC" or the "Company"). Among other things, Stull, Stull & Brody is investigating whether fiduciaries of FMC's 401(k) plan violated the Employee Retirement Income Security Act of 1974 ("ERISA") by offering the Sequoia Fund as an investment option for FMC's employees and retirees investing in FMC's 401(k) plan. The Sequoia Fund, which was overconcentrated in Valeant Pharmaceuticals International, Inc's stock, and may have been imprudent for retirement savings, has lost over 30% of its value in the past year.
If you held the Sequoia Fund in an individual account under any of the Company's 401(k) plan during the last two 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 FMC@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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SOURCE Stull, Stull & Brody