State considers lawsuit over Lehman pension losses — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

State considers lawsuit over Lehman pension losses

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New Jersey investment director William Clark said the state pension board is considering a lawsuit against Lehman Brothers.

The state bought approximately $180 million of Lehman stock in June, only to sell it at a loss of about $100 million before the firm filed for Chapter 11 bankruptcy in September.

Advice: If your company’s 401(k) or 403(b) investment portfolios have fallen, it may be time to give employees some extra education on investing. Some employees may be tempted to stop contributing altogether. Others may lack a clear understanding of how to allocate their investments. A seminar on basic finance may reduce stress levels and make employees more productive.

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