NEW YORK--(BUSINESS WIRE)--
Zamansky LLC announces that it has commenced an investigation of
RadioShack Corporation (“RadioShack” or the “Company”)(NYSE: RSH) and
its employee 401(k) retirement plan for violations of the federal
Employee Retirement Income Security Act (“ERISA”). ERISA imposes
fiduciary duties on the trustees of 401(k) plans to prudently manage and
invest plan assets. These duties were violated by the continued
inclusion of RadioShack stock as an investment option even after it had
Since 2010, RadioShack’s stock price has fallen 90%, from over $20 per
share to under $1 per share. The Company’s income has plummeted and its
costs and costs have been rising, and it recently announced management
changes. On June 20, 2014, the Wall Street Journal reported that some
analysts believe that RadioShack’s stock in worthless, and discussed the
possibility of bankruptcy. The article also reported on RadioShack’s
news that it was closing 220 stores due to their lack of profitability.
According to employee stock and investment fraud attorney, Jake
Zamansky, RadioShack has faced serious troubles for several years.
RadioShack’s fall into bankruptcy would severely hurt employees who
purchased stock through the 401(K) plan, Zamansky states. Many will lose
large portions of their retirement savings, he says.
What Investors Can Do
If you are an existing or former RadioShack employee who owns the
Company’s stock through the 401(k) plan, please contact our firm for an
evaluation of your rights. You can contact Jake Zamansky by telephone at
(212) 742-1414 or by email at firstname.lastname@example.org.
About Zamansky LLC
Zamansky LLC is a leading stock law firm specializing in securities
fraud, ERISA and employment class actions. We are investment fraud
attorneys who represent both individual and institutional investors. Our
practice is nationally recognized for our ability to aggressively
prosecute cases and recover investment losses.
To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.
50 Broadway - 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414
Source: Zamansky LLC