March 06, 2023
Former LinkedIn workers asked a California federal judge to greenlight a $6.75 million deal that would end their proposed class action alleging the professional networking site failed to negotiate lower 401(k) record-keeping fees and kept low-performing funds in their plan.
November 07, 2022
LinkedIn Corp. and a proposed class of ex-workers alleging mismanagement of their 401(k) plan told a California federal court they've struck a deal to end a federal lawsuit claiming the company lost retirees millions by offering a suite of high-cost and poorly performing mutual funds, court records show.
May 23, 2022
A group of former LinkedIn employees asked a California federal judge to greenlight a class of more than 11,000 workers in a suit accusing the professional networking site of failing to negotiate lower record-keeping fees and keeping low-performing funds in their 401(k) plan.
November 17, 2021
A California federal court dismissed a suit claiming LinkedIn Corp. kept underperforming funds in its $817 million retirement fund and didn't negotiate lower management fees, finding the plan participants didn't show they were directly harmed, but left the door open for a second stab at the suit.
January 05, 2021
LinkedIn urged a California federal judge Monday to toss an employee proposed class action claiming the social media company and its top brass mismanaged their $817 million retirement fund, saying the plan participants' dislike of the investment options doesn't mean LinkedIn violated federal labor law.
August 14, 2020
LinkedIn employees hit the social media company with a proposed class action in California federal court Friday, claiming that the company and its top brass mismanaged their $817 million retirement fund, costing plan participants millions of dollars.