Participants and beneficiaries of the MBNA Corporation 401k Plus Savings Plan have brought an Employee Retirement Income Security Act of 1974 (ERISA) class-action suit against MBNA for alleged breach of fiduciary duties, with Wolf Haldenstein Adler Freeman & Herz of New York handling the case, to be heard before the United States District Court for the District of Delaware.

Cannon v. MBNA also names some of the company's officers and directors, its pension and 401(k) plan committee and RIA firm Dwight Asset Management, along with the plan's investment manager.

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