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Braden v. Wal-Mart Stores Inc et al
Case Number:
6:08-cv-03109
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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December 05, 2011
Wal-Mart, Merrill Shell Out $13.5M To End ERISA Action
A Missouri federal judge on Monday preliminarily approved a $13.5 million settlement in a class action against Wal-Mart Stores Inc. and Merrill Lynch & Co. Inc. which claimed millions of dollars of Wal-Mart employees' retirement savings were squandered on overpriced mutual funds.
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November 25, 2009
8th Circ. Revives ERISA Suit Against Wal-Mart
Faulting the lower court for confusing the issues and inferring facts in the defendants’ favor, a federal appeals court has revived a putative class action alleging Wal-Mart Stores Inc. and its executives violated the Employee Retirement Income Security Act.