Kraft Workers Lose Bid For Class Cert. In ERISA Row

Law360, New York (October 27, 2011, 4:41 PM EDT) -- A judge on Tuesday shot down a bid for class certification by Kraft Foods Global Inc. workers who say their employer violated the Employee Retirement Income Security Act by investing their 401(k) dollars into benefit funds that underperformed relative to comparable index funds.

U.S. District Judge Ruben Castillo said the putative class representatives had botched their certification bid in Illinois federal court by defining the class as employees whose investments underperformed compared to those made in a pair of benchmark funds deemed by the plaintiffs to...
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