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Kennedy et al v. Aegis Media Americas, Inc. et al
Case Number:
1:20-cv-03624
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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June 13, 2024
Media Co. Strikes Deal In Suit Alleging Pricey 401(k) Funds
A media company has agreed to settle a class action alleging it failed to trim costly investment funds from its workers' $540 million 401(k) retirement plan serving 12,000 members, costing them millions in savings, according to a filing in New York federal court.
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February 06, 2023
Media Co. Must Face Ex-Workers' 401(k) Mismanagement Suit
A media company cannot escape a lawsuit from three former workers accusing it of running afoul of federal benefits law by stacking employees' 401(k) plan with high-cost investments and causing it to lose millions, a Manhattan federal judge said.