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PLEASANTON, Calif. -- Safeway, Inc. here is the target of an investigation by the Seattle law firm Keller Rohrback L.L.P., looking for evidence of a law firm violations of the Employee Retirement Income Security Act of 1974 (``ERISA''), the law firm said earlier this week.
The law firm said in a statement that it is focusing on concerns that the Safeway Employee Retirement Pension Plan, a cash balance pension plan, fails to comply with accrual rules for defined benefits plans as set forth in ERISA.
Calls placed yesterday to Keller Rohrback L.L.P. to attain further details were not returned. Safeway did not return calls seeking comment yesterday.
The law firm said in the statement it is contacting members of the Safeway Employee Retirement Pension Plan. Keller Rohrback claimed it is one of America's leading law firms handling ERISA retirement plan litigation.