According to a press release a law firm is currently on behalf On Behalf Of Current And Former Employees Of The PMI Group, Inc. (NYSE:PMI) investigating against The PMI Group, Inc. (PMI or the Company) potential violations of the Employee Retirement Income Security Act of 1974 (ERISA) rgarding investments in PMI stock by The PMI Group, Inc. Savings and Profit-Sharing Plan and the PMI Alternate 401(k) Plan.

According to the press release the investigation focuses on concerns that PMI Group, Inc. (NYSE:PMI) and other administrators of the Plan may have breached their ERISA mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plans. A breach may have occurred if the fiduciaries failed to manage the assets of the Plans prudently and loyally by investing the assets in PMI Group, Inc. (NYSE:PMI) stock when it was no longer a prudent investment for participants retirement savings and PMI Group, Inc. (NYSE:PMI) continued to make and maintain investment in PMI stock despite the Companys apparent mismanagement of the risk of assets held by the Company and its gross failure to maintain adequate capital and liquidity, soothe investigation.