October 01, 2025
AutoZone defeated a class action claiming it cost employees millions of dollars in retirement savings by failing to remove costly investment options from its 401(k) plan, with a Tennessee federal judge ruling the workers failed to show the company shirked its duties to monitor the plan.
August 21, 2024
A Tennessee federal judge on Wednesday granted preliminary approval to a $2.5 million deal to end class claims from participants in AutoZone's 401(k) employee plan who alleged Northern Trust shirked its duties as their 401(k)'s investment adviser.
December 08, 2023
AutoZone retirement plan participants urged a Tennessee federal judge to approve a $2.5 million deal to end claims that Northern Trust shirked its duties as their 401(k)'s investment adviser, seeking to resolve their allegations against the financial services company while claims against the auto parts retailer proceed.
October 25, 2023
Northern Trust reached a deal to end AutoZone employees' claims that it shirked its duties as their 401(k) plan's investment adviser on the same day a bench trial began on their lawsuit against their employer, according to a notice in Tennessee federal court.
December 08, 2022
A Tennessee federal judge awarded a group of AutoZone workers class certification in their suit alleging employees were overcharged millions in 401(k) fees, despite AutoZone's pushback that the lead plaintiffs can't represent the class they put forward.
September 09, 2022
A Tennessee federal judge on Friday denied a motion for sanctions against a Prudential subsidiary stemming from a discovery dispute in a federal benefits lawsuit brought by a proposed class of AutoZone Inc. workers alleging their company mismanaged their employee 401(k) plan.
August 15, 2022
A group of AutoZone workers should be awarded class certification in their suit alleging the company wasted $60 million in 401(k) funds on unnecessary fees, a Tennessee magistrate judge recommended, saying the class representatives can properly lead the litigation despite the company's pushback.
September 18, 2020
A Tennessee federal judge refused Friday to let AutoZone Inc. off the hook in an ERISA suit claiming it wasted $60 million of its workers' retirement savings, finding the proposed class adequately alleged the company let the plan's recordkeeper benefit at their expense.
March 18, 2020
AutoZone workers are fighting an attempt by the auto parts retailer to scrap their suit alleging it cost 401(k) plan participants more than $60 million by steering their retirement savings toward an investment allocation service that offered high-cost funds and sent kickbacks to Prudential Insurance.
November 14, 2019
AutoZone cost 401(k) plan participants over $60 million by steering their retirement savings toward an investment allocation service that offered high-cost funds and sent kickbacks to Prudential Insurance Co., workers have alleged in a proposed class action.