November 25, 2019
Two former participants in Adidas' 401(k) plan urged an Oregon federal court not to throw out their proposed class action over the plan's fees, saying Adidas' argument that they can't sue because they didn't choose the investments that were allegedly too costly is bunk because the entire plan suffered.
September 17, 2019
Adidas has told an Oregon federal judge that former participants in its 401(k) plan claiming it saddled the plan with $6 million in exorbitant administrative fees can't proceed with their proposed class action because the suit doesn't meet the minimum standards for a judge to hear it.
July 11, 2019
Adidas America Inc. breached its legal responsibilities to investors in its 401(k) plan by stuffing it with over $6 million in exorbitant administrative fees, the participants have said in a proposed class action filed in Oregon federal court.