March 01, 2022
Land O'Lakes and two ex-employees asked a Minnesota federal judge to approve a $1.8 million settlement to end a proposed class action accusing the dairy company of packing its retirement plan with poorly performing, costly investment options.
February 10, 2021
A Minnesota federal judge has left largely intact former Land O'Lakes employees' proposed class action claiming the dairy cooperative loaded their retirement plan with poorly performing, high-fee investment options.
August 10, 2020
Former Land O'Lakes employees unhappy over the company's 401(k) investment lineup shouldn't be allowed to pursue their proposed class action because they didn't put their own retirement savings into the allegedly shoddy investment options they cite, the company has told a Minnesota federal judge.
May 27, 2020
Land O'Lakes has been hit with a proposed class action accusing the farmer-owned cooperative of mishandling its workers' retirement plan by loading it with poorly performing investment options and not adequately inspecting its portfolio.