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Lowe's 401(k) Participants Fight To Save ERISA Suit

Law360 (August 3, 2018, 10:04 PM EDT) -- A group of Lowe’s 401(k) plan participants told a North Carolina federal judge Friday that they adequately alleged that the home improvement retailer cost the plan $100 million in a breach of its duties under the Employee Retirement Income Security Act and urged him not to toss the case.

The participants opposed Lowe’s Companies Inc. and its administrative committee’s motion to dismiss, arguing that their complaint alleged facts that were “more than sufficient” to support claims that the company violated its fiduciary duties by investing $1...
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