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General Motors hourly workers sue investment firm

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The General Motors world headquarters is seen in downtown Detroit, Michigan in this May 31, 2009 file photo. REUTERS/Rebecca Cook
The General Motors world headquarters is seen in downtown Detroit, Michigan in this May 31, 2009 file photo. REUTERS/Rebecca Cook

DETROIT (WKZO) -- General Motors hourly workers have filed a lawsuit against Fidelity Investments alleging the financial firm stole millions of dollars from retirement accounts.

The legal action was filed in Boston on Thursday.  A copy of the suit was obtained by WDIV-TV which claims Fidelity kept the interest earned by the workers' money as it went through the banking process which is called "float income."

Fidelity claims their policy is legal.

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