July 05, 2024
A Connecticut federal judge said Black & Decker can't escape a suit claiming it failed to trim underperforming BlackRock investment funds from its 20,000-member $2.2 billion retirement plan, ruling that the retirees behind the suit put forward enough evidence of potential imprudence to dodge dismissal.
November 20, 2023
A recent crop of Employee Retirement Income Security Act suits from ex-workers challenging the decision to retain certain BlackRock investment options in their 401(k)s have stumbled in federal court.