September 26, 2023
Estee Lauder agreed to pay $975,000 to resolve a class action alleging it mismanaged its $1.6 billion employee 401(k) plan in violation of the Employee Retirement Income Security Act, current and former employees told a New York federal court.
August 22, 2023
Estee Lauder agreed to end a class action brought by workers saying thousands of employees lost millions in retirement savings because the company allowed bad investments and high fees to plague its $1.6 billion 401(k) plan, the company told a New York federal court.
February 02, 2022
Former Estée Lauder employees have urged a New York federal court to greenlight a class action covering thousands of workers who allegedly lost retirement savings because the company's $1.6 billion 401(k) plan paid excessive administrative fees.
July 26, 2021
Estee Lauder can't shake an ERISA suit alleging that the company's $1.6 billion retirement plan charged workers too much in fees, with a New York federal judge ruling Monday that a recent U.S. Supreme Court ruling doesn't doom the proposed class action.
July 23, 2021
Estee Lauder is asking a New York federal court to reconsider its refusal to dismiss a proposed class action claiming the skin care and makeup giant loaded its $1.6 billion retirement plan with too expensive investment options, saying the U.S. Supreme Court's recent TransUnion ruling revokes class standing for members who suffered no personal harm.
June 08, 2021
A Manhattan federal judge refused to dismiss a proposed class action from five current and former Estee Lauder Inc. employees who claimed the skincare and makeup giant loaded its $1.6 billion retirement plan with too-expensive investment options.
December 08, 2020
Estee Lauder is urging a New York federal court to ax a proposed class action claiming the cosmetics giant's billion-dollar 401(k) plan offered badly performing, costly investment options, arguing the workers behind the suit are simply second-guessing reasonable decisions.