Colonial BancGroup, Inc. ERISA Litigation

In re Colonial BancGroup, Inc. ERISA Litigation is currently pending in the United States District Court for the Middle District of Alabama. The case was filed on behalf of Plaintiffs and a class (“Class”) of all persons who were participants in or beneficiaries of The Colonial BancGroup 401(k) Plan (“Plan”), between April 18, 2007 and August 25, 2009 (“Class Period”) and whose Plan account included investments in Colonial common stock.

Plaintiffs allege in the Complaint that during the Class Period Defendants breached their fiduciary duties to Plaintiffs and the Class by:

• failing to prudently and loyally manage the Plan's investment in Colonial stock;
• failing to properly monitor fiduciary appointees;
• failing to provide complete and accurate communications to the Plan’s participants and beneficiaries; and
• failing to prevent breaches by other fiduciaries of their duties of prudent and loyal management, adequate monitoring,
• and complete and accurate communications.

Not all claims are against every Defendant.Please Contact Us for more information.

Case Documents