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A lawsuit challenging how Bank of America Corp. handles 401(k) contributions forfeited by departing employees is moving ...
Smith & Nephew Inc. defeated the bulk of a proposed class action challenging its 401(k) plan management, but it must defend ...
While trends in cases alleging a fiduciary breach in forfeiture reallocation have largely favored fiduciary defendants, a federal judge in another case has brushed aside a motion to dismiss that suit.
The Minnesota-based Post-it notes conglomerate was sued by employees, alleging eight years of underperformance of TDFs in comparison to peer benchmarks “is impossible to justify” for 58,000 employees.
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