February 22, 2023
A worker should have to cover the costs Eli Lilly incurred defending her unsubstantiated accusation that the pharmaceutical giant improperly took money from its 401(k) plan, the company told a federal court.
February 06, 2023
A worker's proposed class action claiming fiduciaries of Eli Lilly and Co.'s 401(k) retirement plan illegally allowed excessive record-keeping fees can't go forward, an Indiana federal judge ruled, saying a recent Seventh Circuit decision doesn't support the allegations under the Employee Retirement Income Security Act.
September 21, 2022
Eli Lilly and Co. urged an Indiana federal judge to toss a class action alleging fiduciaries of the company's 401(k) plan unlawfully permitted excessive recordkeeping fees, saying the plan is properly run in accordance with the Employee Retirement Income Security Act.