US bank faces lawsuit for pension losses

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US - A class action lawsuit has been filed against Sterling Savings Bank on behalf of staff seeking compensation over the firm's alleged failure to protect pension investments in company stock.

The lawsuit, brought by employee Corey Deter, alleges that 2,500 employees in five states lost money in their 401(k) plans as a result of the Spokane-based company's negligence. The lawsuit clai...

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