UnitedHealth Workers Win Class Cert. In ERISA Suit

By Kellie Mejdrich (February 3, 2022, 7:30 PM EST) -- UnitedHealth Group Inc. must face a class action from employees alleging the company mismanaged their retirement plan and breached its fiduciary duty under the Employee Retirement Income Security Act, a federal judge in Minnesota ruled Wednesday.

U.S. District Judge John R. Tunheim approved the class in an order after UnitedHealth and the employees consented to certification in a stipulation filed Jan. 11. Judge Tunheim said in the order that the court had found the proposed class, which represents thousands of employees who invested in a set of Wells Fargo target date funds through the company's 401(k) plan, had met the typicality,...

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