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The Brualdi Law Firm, P.C. Announces ERISA Breach of Fiduciary Duty Investigation Regarding the PFF Bank & Trust 401k Plan and the PFF Bank & Trust Employee Stock Ownership Plan
NEW YORK, Nov. 21, 2008 (GLOBE NEWSWIRE) -- The Brualdi Law Firm, P.C. announces that it is investigating PFF Bancorp, Inc. ("PFF" or the Company) for potential violations of the Employee Retirement Income Benefits Security Act of 1974 as amended ("ERISA"). The investigation focuses on investments in Company stock in the PFF Bank & Trust 401k Plan and the PFF Bank & Trust Employee Stock Ownership Plan (collectively, the "Plans").
The Brualdi Law Firm, P.C.'s investigation involves concerns that PFF and other administrators of the Plan may have 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 PFF Bank & Trust 401k or the PFF Bank & Trust Employee Stock Ownership Plan and held PFF stock in the Plans and you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Sue Lee at The Brualdi Law Firm, P.C. 29 Broadway, Suite 2400, New York, New York 10006, by telephone toll free at (877) 495-1187 or (212) 952-0602, by email to slee@brualdilawfirm.com or visit our website at http://www.brualdilawfirm.com.
CONTACT: The Brualdi Law Firm, P.C.
Sue Lee, Esq.
(212)-952-0602
(877)-495-1187
slee@brualdilawfirm.com
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