BALA CYNWYD, Pa., Sept. 16, 2009 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating Textron, Inc. ("Textron" or the "Company") (NYSE:TXT) investment of Plan participants and beneficiaries assets in company stock.
The investigation concerns whether administrators breached their fiduciary duties and violated the Employee Retirement Income Security Act of 1974 ("ERISA") by investing assets in company stock when it was not a prudent investment for participants' retirement savings.
If you are a participant in the Textron Savings Plan and wish to discuss the legal ramifications of the administrator's investment in Company stock, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.