401(k) Suit Against Kraft Moves Forward

Law360, New York (March 30, 2007, 12:00 AM EDT) -- In a notable decision for companies embroiled in litigation over their retirement plans, a federal judge has denied Kraft Foods Global Inc.’s request to dismiss a proposed class action alleging breach of fiduciary duty against the company and its 401(k) plan sponsors.

Judge David R. Herndon of the U.S. District Court for the Southern District of Illinois denied Kraft’s motion to dismiss, strike paragraphs of the complaint or require the plaintiffs to file a more definite statement, allowing the ERISA case to continue towards trial. Judge...
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