The law firm of Much Shelist Freed Denenberg Ament & Rubenstein is currently investigating OfficeMax Inc. ("The Company"), formerly known as Boise Cascade Corporation, for violations of the Employee Retirement Security Act of 1974 ("ERISA") on behalf of participants in employee retirement savings plans (sometimes known as 401(k) plans) offered by the Company. The investigation focuses on concerns that OfficeMax and/or Boise Cascade and other fiduciaries for the plans breached their fiduciary duties to plan participants by continuing to offer OfficeMax and/or Boise Cascade common stock as investments in the plans when they knew or should have known that Company stock was no longer a prudent investment for fund participants. Company executives and fiduciaries of the plans have been charged with participating in an elaborate scheme that involved booking millions of dollars of fraudulent revenue and that allowed them to consummate the merger of OfficeMax and Boise Cascade and spin off Boise Cascade's forest products business. These transactions have triggered tens of millions of dollars in severance and related benefits to Company insiders, many of whom are fiduciaries of the plans. Investigation so far has revealed that participants in the following plans may have been victims of this scheme: The OfficeMax Inc. 401(k) Savings Plan, The Boise Cascade Corporation Retirement Savings Plan, The Boise Cascade Corporation Savings and Supplemental Retirement Plan.
You can:
[EMAIL LAWYER CONOR CROWLEY] [EMAIL LAWYER CAROL GILDEN]
You can:
[EMAIL LAWYER CONOR CROWLEY] [EMAIL LAWYER CAROL GILDEN]
