Exelon Employees Win Class Status In 401(k) Case

Law360, New York (June 28, 2007, 12:00 AM EDT) -- Exelon Corp. employees who participated in the electric utility’s 401(k) plan have gained class certification in their ERISA action accusing Exelon and its directors of charging unreasonable fees to the plan.

On Tuesday, Judge John W. Darrah in the U.S. District Court for the Northern District of Illinois granted the class, which includes former and current participants of the Exelon employee savings plan who were affected by the alleged conduct, as well as those who will become participants in the future.

Chicago-based Exelon had argued that...
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