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Covington et al v. Biogen Inc. et al
Case Number:
1:20-cv-11325
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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August 24, 2023
Biogen Strikes $9.75M Deal In ERISA 401(k) Investment Suit
Biogen Inc. and a certified class of employee 401(k) plan participants asked a Massachusetts federal court Thursday to OK a $9.75 million deal that would end a federal benefits lawsuit alleging the biotechnology company saddled workers' retirement savings with costly and poorly performing investment options.
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November 07, 2022
Biogen Agrees To 12,000-Person Class In 401(k) Suit
Biogen Inc. told a Massachusetts federal judge it would consent to the certification of a 12,000-person class in a suit accusing the biotechnology company of mishandling workers' retirement savings by letting them invest in costly yet underperforming options.