CINCINNATI, Nov. 24, 2008 (GLOBE NEWSWIRE) -- Attorney Advertising -- The class action Cincinnati law firm of Statman, Harris & Eyrich, LLC announces it is investigating General Growth Properties, Inc. ("Company") (NYSE:GGP) for potential violations of the Employee Retirement Income Security Act of 1974 ("ERISA") relating to the General Growth 401(k) Savings Plan ("Plan").
Statman, Harris & Eyrich, LLC is investigating whether the Company and/or other administrators of the Plan breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plan. A breach may have occurred if the fiduciaries failed to manage the assets of the Plan prudently and loyally by investing the assets in Company stock when it was no longer a prudent investment for participants' retirement savings.
If you are a participant in the General Growth 401(k) Savings Plan and purchased General Growth stock in the Plan, or have any questions concerning this notice or your rights with respect to this matter, please contact Elizabeth L. Hutton, Esq. at (513) 621-2666 or (888) 876-7881, or via e-mail at ehutton@statmanharris.com for further information without any obligation or cost to you.
Statman, Harris & Eyrich, LLC has offices in Chicago, Illinois; Cincinnati, Ohio; Dayton, Ohio; and Sarasota, Florida. www.statmanharris.com