Class Action Settlements

Submitted by IFS on Mon, 01/01/2007 - 21:28
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IFS was engaged to evaluate and make decisions regarding the proposed settlements in the ERISA class action arising out of the Southern Company’s 401k plan’s acquisition and holding of stock of Mirant Corporation and the ERISA class action arising out of the investment by 401k plans sponsored by New York Life Insurance Company in mutual funds sponsored by New York Life and its affiliates.