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IN RE: G.E. ERISA LITIGATION

  1. December 16, 2019

    GE Won't Fight Massive Class Cert. Bid In Retirement Suit

    General Electric Co. is not opposing a request for a Massachusetts federal judge to certify a class of hundreds of thousands of GE workers and retirees in their lawsuit accusing the company of improperly investing employees' retirement savings in subpar company-affiliated funds.

  2. October 30, 2019

    ERISA Self-Dealing Rules Clarified As GE Suit Rolls Along

    A Massachusetts federal judge on Wednesday denied General Electric Co.'s attempt to scrap her decision to allow a claim that GE improperly invested workers' retirement savings in subpar company-affiliated funds, clarifying the scope of an exemption to federal benefits law's self-dealing rules.

  3. February 11, 2019

    GE Retirement Plan Participants Want ERISA Suit Kept Intact

    A proposed class of General Electric Co. workers urged a Massachusetts federal judge on Monday not to rethink her decision allowing a claim that GE improperly invested workers' retirement savings in subpar company-affiliated funds to move forward.

  4. January 11, 2019

    GE Says Judge Misunderstood Prohibited Transaction Claim

    General Electric Co. on Friday asked a Massachusetts federal judge to reconsider her decision to allow a claim that GE improperly invested workers' retirement savings in subpar company-affiliated funds, telling the judge she misinterpreted the conditions under which an exemption to the Employee Retirement Income Security Act's self-dealing rules apply.

  5. December 17, 2018

    GE Must Face Bulk Of ERISA Suit

    A Massachusetts federal judge cut one claim from a proposed class action alleging that General Electric Co. wrongly invested its retirement plan participants' savings in subpar affiliated funds, but allowed the rest of the Employee Retirement Income Security Act suit to go forward.

  6. August 17, 2018

    GE Must Face Retirement Plan Participants' Fiduciary Claims

    General Electric Co. will have to face allegations in Boston that it made inefficient and self-serving investments on behalf of some 240,000 employees participating in a company 401(k) retirement plan, a Massachusetts federal judge ruled on Friday.

  7. June 28, 2018

    GE Retirement Plan Participants Defend Suit's Legitimacy

    A putative class of General Electric Co. retirement plan participants blasted the company's attempt to spike their suit, which alleges they lost millions when GE invested their savings in subpar company-managed funds, telling a Massachusetts federal judge Wednesday they can prove the funds underperformed and GE engaged in self-dealing.

  8. May 03, 2018

    3 Judges Walk Away From General Electric ERISA Suit

    Three Massachusetts federal judges have recused themselves within the past six months from a massive putative class action accusing General Electric Co. of stuffing its pension plan with underperforming company-controlled funds, with two recusals occurring this week in the wake of the suit's expansion.