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.
March 02, 2023
A Virginia federal judge tossed a proposed class action accusing Capital One Financial Corp. of keeping poorly performing investments in its nearly $8 billion 401(k) plan, saying the workers' revised complaint was still low on specifics.
December 01, 2022
A Virginia federal judge on Thursday tossed a lawsuit against Capital One Financial Corp. brought by workers alleging the bank kept poorly performing investments in its $7.85 billion 401(k) plan and cost them millions of dollars in retirement savings, but left the door open to amend the suit.
August 02, 2022
Capital One is facing a proposed class action in Virginia federal court alleging it violated federal benefits law by keeping poorly performing BlackRock funds in its $7.85 billion 401(k) plan and costing employees millions of dollars in retirement savings.