Capital Group Asks for SCOTUS Review on Participant’s Standing in 401(k) Lawsuits
Defendants do not think participants should be able to sue on behalf of other participants in defined contribution lawsuits.
Tag: Class Action
Appeals Court Stands by Class Certification Denial in 401(k) Case
The U.S. 4th Circuit Court of Appeals will not rehear Trauernicht v. Genworth, which could impact plaintiffs’ chances for class...
Business Groups Challenge ERISA Class Certification in Amicus Brief
The U.S. Chamber of Commerce and the American Benefits Council claim there was insufficient ‘rigorous analysis’ to justify class certification...
ERISA Class Action Suits May Decrease Following Appeals Court Ruling
A circuit court’s ruling that ERISA fiduciary‑breach claims may be based only on individualized monetary losses has already impacted a...
Judge Recommends Dropping Most of $4.2B Retirement Plan Suit Against Nestlé
A U.S. District Court judge sided with Nestlé’s motion to dismiss most of the claims in a 401(k) class action...