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Kinder et al v. Koch Industries, Inc. et al
Case Number:
1:20-cv-02973
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Sectors & Industries:
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December 09, 2021
Workers' Attys Get $1M Cut Of $4M Koch ERISA Deal
A Georgia federal judge on Thursday signed off on a $1 million payday for Nichols Kaster PLLP and Sanford Law Firm attorneys who secured a $4 million settlement for a huge class of workers alleging that Koch Industries Inc. saddled their retirement plan with excessive record-keeping costs.
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July 13, 2021
Koch Strikes $4M Deal To End Retirement Plans Suit
Koch Industries Inc. has agreed to a $4 million settlement over a proposed class's claims that it wasted workers' retirement savings on gratuitous plan record-keeping costs, the workers said in their bid for a Georgia federal court's blessing.
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July 17, 2020
Koch Industries Accused Of Mismanaging Retirement Plans
Koch Industries Inc. was hit with a proposed Employee Retirement Income Security Act class action Friday, accusing the company of squandering millions of dollars of its workers' retirement savings on unnecessarily high record-keeping costs for their retirement plans.