Estee Lauder Says 'Cherry-Picked' ERISA Suit Is The Pits

Law360 (December 8, 2020, 8:34 PM EST) -- Estee Lauder is urging a New York federal court to ax a proposed class action claiming the cosmetics giant's billion-dollar 401(k) plan offered badly performing, costly investment options, arguing the workers behind the suit are simply second-guessing reasonable decisions.

On Monday, the company filed a motion to dismiss an Employee Retirement Income Security Act lawsuit from four former employees and one current employee, arguing that the plaintiffs didn't invest in several of the mutual funds they took issue with. And beyond that, their lawsuit fails to lay out allegations that were detailed enough to keep the case in court, Estee Lauder...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!