January 25, 2023
An Ohio federal judge on Wednesday gave his final approval to a $2.75 million class settlement — including about $917,000 in attorney fees — reached between the former parent company of Victoria's Secret and participants and beneficiaries of its 401(k) plans over allegations that it mismanaged the plans.
August 12, 2022
The former parent company of Victoria's Secret and Bath & Body Works has agreed to dish out $2.75 million to settle a lawsuit that alleged the company mismanaged its employees' 401(k) plans by failing to negotiate lower fees despite its considerable size.
September 16, 2021
An Ohio federal judge on Thursday refused to toss a proposed class action accusing the parent company of Victoria's Secret and Bath and Body Works of violating federal benefits law, ruling that a former employee has plausibly alleged that it failed to use its 401(k) plan's size to negotiate lower fees.
November 23, 2020
The parent company of Victoria's Secret and Bath and Body Works was hit with a proposed class action Monday accusing the company of violating federal benefits law by failing to take advantage of its $1.6 billion 401(k) plan's size to negotiate lower fees for retirement savers.