HAGENS BERMAN

Date Filed: June 15, 2011

Hagens Berman today announced that it is investigating potential claims against SunTrust Banks after the company allegedly made substantive changes to its employee pension plan, actions which may violate federal law.

A recent US Supreme Court ruling calls into question the company’s actions in converting its pension plan to a cash-balance plan, which falls under the Employee Retirement Income Security Act (“ERISA”), a law that regulates private sector pension plans in the United States.

Hagens Berman is investigating whether SunTrust Banks fully disclosed the possible disadvantages of the new plan to its employees.

Hagens Berman is interested in talking to employees or former employees of SunTrust Banks who feel that the company did not fully disclose the risks associated with the transition to a cash balance plan.

Employees can contact the Hagens Berman legal team via email at SunTrust@hbsslaw.com. You can also join the case online by clicking here.