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Can you sue if your 401(k) nest egg is mishandled? The US Supreme Court on Monday hears a case that will determine if individuals have redress under federal law if their savings plan is mismanaged.

Date: November 26, 2007
Author: Warren Richey
QUOTE: The case will define the scope of remedies available to prospective retirees who discover fiduciary misconduct related to their 401(k) or other retirement accounts. It arises at a time when most companies have abandoned traditional pension plans in favor of retirement investment accounts.

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