According to a press release a law firm is currently on behalf current and former employees of Northern Trust Corporation (NASDAQ: NTRS ) investigating against Northern Trust Corporation or potential violations of the Employee Retirement Income Security Act of 1974 (ERISA).

According to the press release the investigation focuses on possible breaches of fiduciary duties to participants in various ways by allowing the investment of Plan assets in Northern Trust common stock when Northern Trust common stock was not a prudent investment for retirement accounts; by misrepresenting the failure to disclose material facts to the participants in connection with the administration of the plan; by failing to exercise their fiduciary duties to the participants solely in the interests of the participants for the exclusive purpose of providing benefits to the participants; and by failing to properly appoint and monitor the Plans other fiduciaries.