DST Systems: Ex-employees sue DST Systems over $393M loss in profit-sharing plan
A heavy investment in Valeant Pharmaceuticals that caused a loss of $393 million led former DST Systems employees to sue, claiming that the company breached its fiduciary duty by allowing its employee profit-sharing plan to become too concentrated.
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DST Systems is a provider of advisory, technology and operations outsourcing services to the financial and healthcare industries.
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