Kraft Says 7th Circ. Ruling Should Halt ERISA Action

Law360, Los Angeles (September 30, 2011, 7:40 PM EDT) -- Citing the Seventh Circuit's recent dismissal of a class action against Exelon Corp., Kraft Foods Global Inc. asked an Illinois federal judge Thursday to reconsider a ruling that kept alive a claim that the food giant made illegal investments with a $3 billion employees' retirement fund.

In denying parts of Kraft's motion for summary judgment in July, U.S. District Judge Ruben Castillo refused to toss a breach of fiduciary duty claim under the Employee Retirement Income Security Act leveled against Kraft for investing employees' 401(k) savings...
To view the full article, register now.




Case Information

Case Title

George et al v. Kraft Foods Global, Inc. et al

Case Number



Illinois Northern

Nature of Suit

791(Labor: E.R.I.S.A.)


Honorable Ruben Castillo

Date Filed

July 2, 2008

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.