NELA Asks 4th Circ. To Reinstate RJ Reynolds 401(K) Action

Law360, New York (June 5, 2013, 6:56 PM EDT) -- The National Employment Lawyers Association urged the Fourth Circuit on Tuesday to revive a class action against R.J. Reynolds Tobacco Co. over $50 million allegedly lost to retirement plan mismanagement, claiming the trial court erred in letting the company off the hook.

The NELA, along with the AARP, lodged a brief arguing that the trial court dropped the ball in February when it ruled against retiree Richard Tatum and in favor of R.J. Reynolds. The lower court found that the defendants had met the burden of...
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