The Supreme Court ruled against Fifth Third Bancorp (FITB) in a lawsuit filed by employees claiming the bank mismanaged their retirement investments.

The class-action lawsuit (Fifth Third Bancorp v. Dudenhoeffer) alleged that the bank's retirement fund managers invested in company stock while it was losing value, violating their duty to protect the employees' interests. It alleges that investment managers continued to invest their money in company stock knowing the share price was bound to decline further as the borrower default rate on subprime loans increased.

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