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SILVA et al v. EVONIK CORPORATION et al
Case Number:
2:20-cv-02202
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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July 01, 2024
Chemical Co. Escapes Ex-Workers' 401(k) Fee Suit
A New Jersey federal judge threw out a class action brought by retirees accusing a chemical company of stocking its workers' 401(k) plan with underperforming funds, saying the company put forward sufficient details to beat the former employees' allegations that its investment selection process was imprudent.
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December 13, 2022
Chemical Co., Ex-Workers Agree To Class Status In 401(k) Suit
Evonik and two ex-employees told a New Jersey federal court Tuesday that they have agreed to certify a class in the former workers' suit alleging the specialty chemicals company ran afoul of federal benefits law by allowing a bank to pack its 401(k) plan with costly, high-fee investment options.
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March 02, 2020
Retirees Say $1B Pension Fund Paid 'Astronomical' Fees
Specialty chemicals company Evonik Corp. allowed a bank to pack its $1 billion retirement plan with investment options that charged exorbitant fees and cost workers millions, two ex-employees are alleging in a proposed class action filed in New Jersey federal court.