April 28, 2026
An insurance company urged the Fourth Circuit not to review a panel's earlier decision unraveling certification for more than 4,000 of the insurance company's 401(k) plan participants on claims they lost millions from underperforming BlackRock Inc. target date funds, arguing against two ex-workers' bid for en banc review.
September 16, 2024
The Fourth Circuit gave Genworth Financial a green light to challenge a recent trial court decision certifying a class in a suit brought by former Genworth workers who said the company violated federal benefits law by keeping underperforming BlackRock target-date funds in their 401(k) plan.
August 16, 2024
A Virginia federal judge approved a nearly 4,000-member class of Genworth Financial Inc. 401(k) plan participants who claimed they lost millions of dollars in retirement savings because of underperforming BlackRock target-date funds, rejecting the insurance company's assertion that potential class members had conflicting interests.
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.
September 13, 2023
A Virginia federal judge on Wednesday partially tossed a proposed class action against Genworth Financial Inc. from ex-workers alleging a 401(k) retirement plan lost more than $100 million due to underperforming BlackRock target-date funds, finding they couldn't sue to change a plan in which they no longer participated.