According to a press release there is currently an ongoing investigation on behalf of former and current employees Of PharmaNet Development Group, Inc (NASDAQ: PDGI) concerning potential Employee Retirement Income Security Act (ERISA) Breach of Fiduciary Duty.

According to the press release PharmaNet Development Group, Inc has been accused of securities fraud and under ERISA, PharmaNet Development Group, Inc employees can file a lawsuit for putting stock options at risk if they can prove their employer violated its fiduciary duty to them. The Fiduciary duty refers to a companys responsibility to the people who invest in it and if an employer puts the companys interest ahead of the investors, it has broken its fiduciary duty., so the investigation
ERISA, so the press release is a federal law that sets minimum standards for pension and health plans set up by private businesses and ERISA was designed to protect people who participate in employee benefit plans, including employees with stock options in a company.