SunTrust Banks, Inc. Former Employee ERISA Investigation

An analysis on account of above and accepted advisers of SunTrust Banks, Inc. (NYSE: STI) apropos abeyant Employee Retirement Income Security Act (“ERISA”) aperture of fiduciary assignment announced.

Those who are above or accepted advisers or are associates of any of SunTrust Banks, Inc. (NYSE: STI) investment affairs or accumulation administration retirement affairs and purchased or captivated Suntrust Banks stock. (NYSE: STI) in one of those affairs during the periods July 22, 2008 to January 21, 2009 or accept advice apropos to this investigation, should acquaintance the Shareholders Foundation, Inc. at email: mail(at)shareholdersfoundation.com or alarm us at: +1 (858) 779 – 1554. SunTrust Banks, Inc. (NYSE: STI) has been accused of balance and according to a an analysis by a law close beneath ERISA advisers (former and current) of SunTrust Banks, Inc. (NYSE: STI) may be acceptable to book a ERISA complaint for putting banal options at accident if they can prove their employer abandoned its fiduciary assignment to them. The Fiduciary assignment refers to a company’s albatross to the humans who advance in it and if an employer puts the company’s absorption advanced of the investors’, it has broken its fiduciary duty, so the investigation. On Friday, March 06, 2009 an broker in SunTrust Banks, Inc (NYSE: STI) shares has filed a proposed balance chic action accusation in the United States District Court for the Northern District of Georgia on account of purchasers of SunTrust Banks, Inc. about traded balance (NYSE: STI) during the aeon amid July 22, 2008 and January 21, 2009 adjoin SunTrust Banks, In and assertive of its admiral and admiral with declared violations of Federal Securities Laws. According to the complaint the plaintiff alleges that SunTrust Banks, Inc (“SunTrust”) and assertive of its admiral and admiral abandoned the Securities Exchange Act of 1934 by arising amid July 22, 2008 and January 21, 2009 apocryphal and ambiguous statements about SunTrust’s banking after-effects and conditions. The plaintiff alleges a allotment of added things, that SunTrust was not as able-bodied capitalized as represented, and, admitting the $3.5 billion the Company accustomed on November 17, 2008 from the Troubled Asset Relief Program, SunTrust appear that it would accept to accession an added $1.4 billion in TARP funds just three weeks later. As SunTrust’s accurate action boring came to ablaze in a alternation of write-downs, assets increases and capital-raising, SunTrust’s banal amount alone from a top of over $59 per allotment amid July22, 2008 and January 21, 2009 to beneath than $14 per share, so the lawsuit.