AonCohen Milstein Hausfeld & Toll Files ERISA Class Action Lawsuit Against Aon Corporation Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has filed a lawsuit on behalf of participants in the Aon Savings Plan (the “Plan”) for violations of the federal pension law (ERISA) in connection with the recent stunning loss of value in Aon Corp.’s stock acquired and held by present and former employees of Aon through the Savings Plan. The goal of this litigation is to restore losses in Aon Corp. stock to the accounts of employees in the Plan. The lawsuit alleges that the fiduciaries of the Aon Savings Plan violated their fiduciary duties by investing Plan assets in Aon stock from October 31, 2002 to the present, during which time Aon failed to disclose certain harmful business practices. In particular, Aon had a system of steering unsuspecting clients to insurers with whom it had lucrative payoff agreements, and soliciting rigged bids for insurance contracts. As a result, Aon’s stock may have traded at artificially inflated prices, as demonstrated by the decline in the stock price following the disclosure of these practices.
Cohen, Milstein, Hausfeld & Toll, P.L.L.C.
1100 New York Avenue, N.W., Suite 500
Washington, D.C. 20005
Telephone: 888-240-0775 or 202-408-4600 The law firm of Cohen, Milstein, Hausfeld & Toll, P.L.L.C., www.cmht.com, is a nationally recognized plaintiffs' class action law firm that has significant experience in representing investors, employees, consumers and small employers injured by corporate misconduct. The firm's reputation for excellence has been recognized on repeated occasions by courts that have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen, Milstein, Hausfeld & Toll's ERISA practice is headed by Marc I. Machiz, formerly the Department of Labor's chief ERISA lawyer. The firm currently represents employees in a number of significant ERISA class actions, including publicly traded employer stock acquired by 401(k) retirement savings plans. The firm currently represents pension and/or 401(k) plan participants in suits involving Azon, Inc., Dynegy, Goodyear, Merck, New York Life, Sears, TXU Corp. and the Williams Companies, among others. A consolidated amended complaint was filed on April 22, 2005 and on November 29, 2006, Judge Charles R. Norgle rulled that the action may proceed as a class action. Questions regarding the status of the case are directed to Adam J. Levitt at (312) 984-0000.
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