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The Law Firms of Berger & Montague, P.C., Keller Rohrback, LLP and Ann Miller, LLC Announce the Proposed Settlement of a Class Action Lawsuit Affecting All Hourly Employees of Wal-Mart Stores, Inc.

Publication: Investment Weekly News
Publication Date: 05-SEP-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
TO: All hourly employees of Wal-Mart Stores, Inc. ("Wal-Mart") who were participants or beneficiaries (the "King Class Members") of the Wal-Mart Profit Sharing and 401(k) Plan and/or the Wal-Mart Puerto Rico Profit Sharing and 401(k) Plan, and any and all predecessors (collectively, the "Plans") during the period from February 1, 1997 to May 26, 2009 (the "Class Period").

PLEASE READ THIS NOTICE CAREFULLY. A FEDERAL COURT AUTHORIZED THIS NOTICE. THIS IS NOT A SOLICITATION.

A Settlement has been proposed in this class action lawsuit, King v. Wal-Mart Stores, Inc., MDL 1735, 2:06-CV-00225-PMP-PAL (the "King Case"), brought by Plaintiffs on behalf of participants or beneficiaries in the Plans against Wal-Mart and certain Wal-Mart officials to recover losses allegedly sustained by the Plans. The lawsuit claimed that Defendants breached their fiduciary duty under the Employee Retirement Income Security Act of...

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