January 27, 2025
Electrical equipment company Wesco Distribution Inc. will pay $2.25 million to end a proposed class action from employee 401(k) plan participants who alleged their retirement plan was mismanaged, after the Third Circuit had revived the suit in May.
January 31, 2023
The U.S. Chamber of Commerce has ripped an appeal by a proposed class of Wesco Distribution Inc. workers in a friend-of-the-court brief to the Third Circuit, arguing that the workers focused too much on their retirement plan's cost rather than what they got for the price.
October 04, 2021
A Pennsylvania federal judge threw out a lawsuit Monday from electrical equipment workers who claimed Wesco Distribution Inc. violated federal benefits law by allowing their retirement plan to pay exorbitant fees.
July 22, 2021
A Pennsylvania federal court on Thursday refused to delay a lawsuit brought by electrical equipment company workers who said their retirement plan paid excessive fees, declining the company's request for a stay while a separate benefits case plays out at the U.S. Supreme Court.
June 18, 2021
Wesco Distribution urged a Pennsylvania federal court to toss a proposed class action that claims the multinational electronic distributor mismanaged its retirement plan, saying the workers behind the suit hadn't shown they had been harmed.