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Zamansky LLC announces that it has commenced an investigation of Sears Holding Corporation (NYSE: SHLD)(“Sears ” or the “Company”) over its Employee 401(k) Savings Plan for violations of the federal Employee Retirement Income Security Act (“ERISA”).  ERISA imposes fiduciary duties on companies to prudently manage and invest plan assets.  These duties were violated by Sears for continuing to offer company stock after it had become an imprudent investment.

Since early 2010, Sears’ stock price has fallen from over $110 per share, to less than $45 per share. In January 2012, Sears reported net losses for the year of $3 billion.  During 2012, the losses continued and Sears announced that it expects its net loss for the year ending in January 2013 to be within $721 million to $801 million.  Sears’ CEO Lou D’Ambrosio also recently resigned. Over the last two years, Sears’ Employee 401(k) Savings Plan has suffered millions of dollars in losses from investments in Company stock.

If you are an existing or former Sears’ employee who owns stock through the Company’s 401(k) Savings Plan, please contact  our firm for an evaluation of your rights.  You can contact Jake Zamansky by telephone at (212) 742-1414 or by email at

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“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

Mike A.
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