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Reetz v. Lowe's Companies, Inc. et al

  1. October 13, 2021

    Aon Beats Massive Lowe's Workers ERISA Suit At Bench Trial

    A North Carolina federal judge issued a bench trial decision Wednesday ending claims by a certified class of about 250,000 current and former Lowe's employees that Aon Hewitt mismanaged their 401(k) by directing funds to its own financial products, finding the consultant didn't breach its fiduciary duty or violate ERISA.

  2. June 01, 2021

    Lowe's Pursues $12.5M ERISA Deal While Aon Denies Liability

    While Lowe's urged a North Carolina federal judge to greenlight its $12.5 million deal to settle a class action claiming the company mismanaged its retirement savings plan, co-defendant Aon Hewitt Investment Consulting argued in its pre-trial brief that it didn't breach its duties in managing the 401(k) plan.

  3. April 23, 2021

    Lowe's Strikes Deal To Exit Sweeping ERISA Case

    Lowe's has reached a deal with a class of nearly 250,000 current and former employees who say the home improvement company and its investment consultant mismanaged their retirement savings, leaving Aon Hewitt Investment Consulting as the sole remaining defendant.

  4. February 12, 2021

    Massive Lowe's, Aon ERISA Class Action Heads Toward Trial

    A North Carolina federal judge on Friday shot down dueling summary bids for victory from Lowe's, Aon Hewitt and a group of around 250,000 current and former Lowe's employees in a 401(k) mismanagement class action, saying a jury needed to weigh the facts of the case.

  5. October 29, 2020

    Lowe's, Aon Hewitt OK Cert. Of Massive Class In 401(k) Suit

    Lowe's and Aon Hewitt have agreed to let a 401(k) mismanagement suit against them proceed as a class action, asking a North Carolina federal judge to certify a class that could contain hundreds of thousands of current and former Lowe's workers.

  6. September 06, 2019

    Lowe's Can't Skip Suit Over 401(k) Plan's $1B Investment

    Lowe's will have to face the bulk of a suit alleging it ran afoul of the Employee Retirement Income Security Act by investing $1 billion of its 401(k) plan's assets in a poorly performing fund.

  7. February 14, 2019

    Magistrate Tells Court Not To Ax Suit Over Lowe's 401(k) Plan

    Lowe's Cos. Inc. should face a proposed Employee Retirement Income Security Act class action alleging that the home improvement retailer cost its 401(k) plan millions by investing $1 billion of plan assets in a poorly performing fund, a North Carolina magistrate judge recommended Thursday.

  8. August 03, 2018

    Lowe's 401(k) Participants Fight To Save ERISA Suit

    A group of Lowe's 401(k) plan participants told a North Carolina federal judge Friday that they adequately alleged that the home improvement retailer cost the plan $100 million in a breach of its duties under the Employee Retirement Income Security Act and urged him not to toss the case.

  9. April 30, 2018

    Lowe's Chose Bad Fund For 401(K), ERISA Suit Says

    Lowe's Companies Inc. and an investment adviser have been hit with an Employee Retirement Income Security Act suit alleging the home improvement retailer's 401(k) plan would have another $100 million had more than $1 billion in plan assets not been switched to a poorly performing fund.

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