Tronox, Inc has been accused of securities fraud. If you are a current or former employee or are a member of any of Tronox, Inc investment plans or profit sharing retirement plans you may be included in this possible Tronox, Inc 401(k) or Employee Retirement Income Security Act (ERISA) class action.
Under ERISA, Tronox, Inc employees can file a lawsuit against the company for putting stock options at risk. Tronox, Inc employees have a claim if they can prove their employer violated its fiduciary duty to its employees. Fiduciary duty refers to a company's responsibility to the people who invest in it. A fiduciary is a person that exercises discretion over the management of plan assets or exercises discretionary control over the administration of the plan.
ERISA was designed to protect people who participate in employee benefit plans, including employees with stock options in a company. Stock options are a form of compensation in which employees are given the opportunity to purchase shares of the company stock at a certain price.
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