Citigroup Plan Participants' ERISA Claims Trimmed

By Allison Grande

Law360, New York (March 16, 2010, 6:59 PM ET) -- A federal judge on Tuesday trimmed two Citigroup Inc. workers' Employee Retirement Income Security Act claims in a putative class action accusing the managing committees of the bank's 401(k) plan of failing to act in the plan's best interests.

Judge Sidney H. Stein of the U.S. District Court for the Southern District of New York concluded that the plaintiffs had stated a plausible claim pursuant to its accusation that the committee members acted imprudently by steering the plan assets to affiliated mutual funds with higher investment...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles