October 18, 2021
A Georgia federal court threw out a proposed class action accusing radio broadcaster Cumulus Media Inc. of loading its retirement plan with excessive fees, ruling that a separation agreement signed by the ex-worker behind the suit precluded his suit.
May 13, 2021
Cumulus Media urged a Georgia federal judge to deal the final blow to a proposed class action accusing it of mismanaging employees' retirement plan, saying the sole remaining named plaintiff had signed an "unambiguous" separation agreement that blocked him from suing.
December 17, 2020
A Georgia federal judge threw out a proposed class action against Cumulus Media Inc. on Thursday, ruling that two ex-workers who claimed their 401(k) plan was saddled with excessive fees waited too long to file suit.
May 29, 2020
Cumulus Media wants to dismantle a proposed class action claiming it loaded its 401(k) plan with expensive investment choices and didn't rein in recordkeeping costs, arguing that most of the misconduct alleged by the ex-workers behind the suit is too old to sue over.