Chamber Backs Home Depot In Massive ERISA Class Action

By Kellie Mejdrich (December 20, 2021, 8:01 PM EST) -- The U.S. Chamber of Commerce wants a Georgia federal court to throw out a sweeping class action accusing Home Depot Inc. of mismanaging the retirement savings of hundreds of thousands of current and former workers.

The business group asked for permission Friday to file an amicus brief in support of the home improvement retailer, which is seeking to torpedo a suit accusing it of violating the Employee Retirement Income Security Act by offering poorly performing investment options and pricey advisory services to participants in its multibillion-dollar 401(k) plan.

The Chamber's proposed brief argued that the lawsuit against Home Depot was indicative of...

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!


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?
Ask a question!