SunTrust Gets Former Worker's ERISA Suit Nixed

Law360, New York (October 31, 2012, 10:05 PM EDT) -- A Georgia federal judge on Tuesday granted SunTrust Banks Inc.'s bid to toss a former employee's proposed class action accusing the bank of unfairly compromising its employees' retirement plans by selecting mutual funds managed by its own affiliates despite their allegedly tepid performance.

U.S. District Judge Orinda D. Evans said that the bank showed that Barbara Fuller, who worked in clerical positions for the bank for nearly 40 years until 2005, had not invested in the plan after she left the company and that she had...
To view the full article, register now.