SunTrust 401(k) Savings Plan

Squitieri & Fearon LLP initiated an ERISA class action lawsuit in October 2008 against SunTrust Banks, Inc. (“SunTrust”) and certain of the company’s executives and directors who administered the SunTrust Banks, Inc. 401(k) Savings Plan. The lawsuit alleges that SunTrust’s exposure to highly risky subprime mortgage loans and the company’s failure to adequately maintain loss reserves caused company stock to become artificially inflated, rendering the stock an imprudent investment for participants in the 401(k) Savings Plan.  As a result, participants in the 401(k) Savings Plan suffered devastating losses to their retirement savings.  Have you lost money as a result of your participation in the SunTrust Banks, Inc. 401(k) Savings Plan? Report your case.