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Laabs v. Faith Technologies, Inc. et al
Case Number:
1:20-cv-01534
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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August 31, 2023
Ex-Energy Co. Worker's 401(k) Suit Teed Up For Dismissal
A Wisconsin federal judge recommended the dismissal of a former energy company worker's proposed class action alleging the company saddled its 401(k) with high fees and lackluster investment options, with the judge stating that she used weak comparisons to show that plan participants deserved better.
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November 10, 2022
7th Circ. Ruling Sinks Engineering Co. 401(k) Suit, Judge Says
A Wisconsin magistrate judge recommended tossing a proposed class action accusing an electrical engineering company of costing its 401(K) plan participants millions in lofty recordkeeping fees and pricey investment options, relying heavily on a recent Seventh Circuit decision.