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Davis et al v. Magna International of America, Inc. et al

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Case overview

Case Number:

2:20-cv-11060

Court:

Michigan Eastern

Nature of Suit:

Labor: E.R.I.S.A.

Multi Party Litigation:

Class Action

Judge:

Nancy G. Edmunds

Firms

Companies

Sectors & Industries:

  1. April 01, 2021

    Car Parts Co. Can't Escape Suit Over Retirement Plan Fees

    A Michigan federal judge refused to throw out a lawsuit from workers who said an auto parts supplier saddled their $1 billion retirement plan with excessive fees, ruling the former employees' claims were strong enough to stay in court.

  2. January 21, 2021

    Auto Parts Co. Wants $1B ERISA Suit Axed After Colo. Ruling

    A Michigan federal judge should follow a Colorado court's lead and toss a proposed 401(k) class action against Magna after the auto parts supplier's employees accused it of including too-expensive investment options into their $1 billion retirement plan, the company said.

  3. May 01, 2020

    Auto Parts Co. Accused Of Mishandling $1B Retirement Plan

    A group of former Magna International of America Inc. employees have accused the automotive parts supplier of mismanaging their more than $1 billion retirement plan by allowing it to be loaded with high-fee funds managed by the plan's own trustee.