According to a press release a law firm is currently on behalf of current and former employees of Hartford Financial Services Group, Inc. (NYSE:HIG) investigating the Hartford Financial Services Group, Inc. (NYSE:HIG) for potential violations of the Employee Retirement Income Security Act of 1974 (ERISA)

According to the press release the investigation focuses on investments in Hartford Financial Services Group, Inc. (NYSE:HIG) stock in the Hartford Investment and Savings Plan. The investigation involves concerns that Hartford Financial Services Group, Inc. and other administrators of the Hartford Investment and Savings Plan may have breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the plan. A breach may have occurred if the fiduciaries failed to manage the assets of the Plan prudently and loyally by investing the assets in Company stock when it was no longer a prudent investment for participants retirement savings, so the investigation. Violations may have occurred in at least two ways, either by continuing to offer Hartford Financial Services Group, Inc. (NYSE:HIG) common stock as a Plan investment when it was imprudent to do so, or by maintaining the plans investment in Hartford Financial Services Group, Inc. (NYSE:HIG) stock in the plan when it was imprudent to do so, and thus the investigation focuses on whether certain fiduciaries of the Hartford Investment and Savings Plan. failed to disclose material adverse facts concerning Hartford Financial Services Group, Inc.s financial well-being, business operations and prospects that led to a $2.63 billion third-quarter loss. Specifically so the press release the investigation involves concerns whether the Hartford Financial Services Group, Inc. (NYSE:HIG) stock failed to disclose the extent of its exposure to the credit markets, and specifically with respect to mortgage-related assets; its true exposure to investments in it held in Fannie Mae, Freddie Mac, Lehman Brothers, and AIG; and the deterioration in its capital position.