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Miguel et al v. Salesforce.com, Inc. et al

  1. August 27, 2024

    Salesforce To Pay $1.35M To 50K-Plus ERISA Class

    Salesforce will pay $1.35 million to more than 50,000 employees who accused the company, its board and its investment committee of violating the Employee Income Retirement and Security Act by picking expensive investment options and underperforming funds, according to a preliminary approval motion filed in California federal court.

  2. May 06, 2024

    Salesforce Inks 11th Hour ERISA Deal With Up To 50K Workers

    Salesforce has inked an eleventh-hour settlement with a certified class of up to 50,000 employees alleging the company violated ERISA by allowing its 401(k) plan to be filled with expensive and poorly performing investment options, preempting a bench trial scheduled for Monday, a court clerk told Law360.

  3. March 21, 2024

    Salesforce Can't Ax Vast Class Suit Over 401(k) Management

    Salesforce must face a class action comprising up to 50,000 employees alleging the company allowed its 401(k) plan to be filled with expensive and poorly performing investment options, a California federal judge ruled, finding the workers provided enough evidence to proceed to trial.

  4. February 24, 2023

    Salesforce Judge Certifies 10K-Plus ERISA Class

    A California federal judge has certified a class of more than 10,000 ex-Salesforce workers alleging the company mismanaged their 401(k) plans, rejecting defense counsel's arguments that differences between the plans' funds and the individual workers' investments preclude certification.

  5. February 17, 2023

    Salesforce Judge Open To Certifying 10K-Plus ERISA Class

    A California federal judge said Friday she's inclined to certify a class of more than 10,000 Salesforce workers who accuse the software company of mismanaging their $2 billion 401(k) plan, but she added that certain defense arguments "have given me pause" and she'll review the briefings once more before ruling.

  6. October 17, 2022

    Ex-Salesforce Workers Want Class Cert. In ERISA Suit

    A group of ex-Salesforce Inc. workers asked a California federal judge to certify a tens-of-thousands-strong class of retirement plan participants accusing the company of mismanaging its $2 billion 401(k) plan and costing them millions, following the Ninth Circuit's April revival of their suit.

  7. October 06, 2020

    Former Salesforce Workers' 401(k) ERISA Suit Gets Tossed

    A California federal judge has dismissed a proposed class action alleging Salesforce violated the federal Employee Retirement Income Security Act by breaching its fiduciary duties in managing the firm's retirement portfolio, but allowed the former workers to amend their complaint.

  8. June 16, 2020

    Salesforce Says 401(k) Plan Management Suit 'Short On Facts'

    Salesforce has urged a California federal court to toss a suit claiming the company cost workers millions of dollars by keeping expensive, underperforming investment options in their retirement plan, saying the case was "long on rhetoric" but "noticeably short on facts."

  9. March 12, 2020

    Suit Says Salesforce's 401(k) Mismanagement Cost Workers

    A group of former Salesforce workers slammed the online payment services provider with a proposed class action claiming it cost its 401(k) retirement plan participants millions of dollars by not properly inspecting its investment portfolio and by keeping high-cost investment options in the plan.