Lear Corp.

An investigation against Lear Corp. has commenced for potential violations of the Employee Retirement Income Security Act of 1974. The investigation focuses on investments in Lear stock by the Lear Corp. Salaried Retirement Savings Plan, the Lear Corp. Hourly Retirement Savings Plan, and the Lear Corp. Hourly 401k Savings Plan.

The investigation claims Lear and other administrators of the Plans may have breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plans. A breach may have occurred if the fiduciaries failed to manage the assets of the Plans prudently and loyally by investing a significant amount of the assets in Company stock when it was no longer a prudent investment for participants' retirement savings. A breach also may have occurred if the fiduciaries withheld or concealed material information from the Plans' participants with respect to the Company's business, financial results and operations, thereby encouraging participants and beneficiaries to continue to make and maintain substantial investments of Company stock in the Plans.

Register your Lear Corp. Complaint

If you or a loved one has suffered damages in this case, you may qualify for damages or remedies that may be awarded in a possible class action or lawsuit. Please fill in our form on the right to submit your complaint to a lawyer for a free evaluation.

Maybe it's your stockbroker

Add Your Comment on This Issue

Fields marked * are mandatory. Please read our comment guidelines before posting.


Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.

*Your Comment:
Request Legal Help