Barroway Topaz Kessler Meltzer & Check, LLP Announces ERISA Investigation of MBIA, Inc. on Behalf of MBIA, Inc. 401(k) Plan Participants

Thursday, September 17, 2009 5:36 PM

Sep. 17, 2009 (PR Newswire) --

RADNOR, Pa., Sept. 17 /PRNewswire/ -- ADVERTISING MATERIAL-- Barroway Topaz Kessler Meltzer & Check, LLP ("BTKMC") has commenced an investigation relating to MBIA, Inc. (NYSE: MBI) ("MBIA" or the "Company") and potential violations of the Employee Retirement Income Security Act of 1974 ("ERISA").

BTKMC's investigation relates to whether MBIA, and other administrators or fiduciaries of the MBIA Inc. 401(k) Plan ("Plan"), may have breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plan with regards to the Plan's investment in MBIA stock. Pursuant to the ERISA statute, a 401(k) plan administrator/fiduciary must manage the assets of that plan prudently and loyally and may not invest plan assets in company or employer stock when it was no longer a prudent investment for participants' retirement savings.

If you are or were a participant in the MBIA Inc. 401(k) Plan and wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Barroway Topaz Kessler Meltzer & Check, LLP (Edward Ciolko, Esq. or Tiffany Melvin) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@btkmc.com.

Barroway Topaz Kessler Meltzer & Check, LLP is a Pennsylvania law firm, committed to helping employees and retirees protect their retirement savings. If you are or were a participant in the plan, you may retain Barroway Topaz Kessler Meltzer & Check, LLP, retain other counsel, do nothing, or take other steps to protect your rights.

Before making your choice of attorney, you should give this matter careful thought. The selection of an attorney is an important decision. Barroway Topaz Kessler Meltzer & Check, LLP is responsible for the content and dissemination of this notice.

For more information about Barroway Topaz Kessler Meltzer & Check, LLP, please visit www.btkmc.com.

ADVERTISING MATERIAL

    CONTACT: Barroway Topaz Kessler Meltzer & Check, LLP
Edward Ciolko, Esq.
Tiffany Melvin
Benjamin Eng
1-888-299-7706
1-610-667-7706
info@btkmc.com
280 King of Prussia Road
Radnor, PA 19087

SOURCE Barroway Topaz Kessler Meltzer & Check, LLP

(Source: iStockAnalyst )

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