Alco Industries, Inc. v. Wachovia Bank, N.A., et al.

Alco Industries, Inc. v. Wachovia Bank, N.A., et al., Civil No. 04-6090 (E.D.Pa.) – In this ERISA case, KSG represents Plaintiff Alco Industries, Inc. as plan administrator of its pension plans in which Defendant Wachovia Bank and its subsidiary Evergreen Investments serve as investment managers. Plaintiff alleges that defendants breached their fiduciary duties to the plans by, inter alia, imprudently and improperly investing the pension plans causing severe and unjustified losses. The case is currently in the discovery phase.

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Originally Posted: 04/06/2006