RadioShack's creditors weren't alone this week in wondering what's next for the bankrupt electronics retailer.
Upset participants in its 401(k) plan are awaiting their day in court, while regulators are probing how it managed its retirement plan.
Three lawsuits were filed on behalf of former and current RadioShack employees within weeks of each other in November and December, all alleging the company imprudently offered 401(k) participants company stock in their savings plan when fiduciaries knew it was bound to lose value.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
