May 15, 2025
Current and former Lennar Corp. employees should have to individually arbitrate a proposed class action claiming the construction company loaded its 401(k) plan with excessive fees and lackluster investment options, a Florida federal magistrate judge recommended, finding the plan's arbitration provision doesn't conflict with federal benefits law.
May 03, 2024
Workers who sued Lennar Corp. in a proposed class action over mismanaging their $1.2 billion retirement plan have urged a Florida federal court to deny the company's motion for dismissal, saying a recent appellate ruling doesn't allow the employer to enforce an arbitration provision because it violates federal pension law.
December 16, 2022
Construction company Lennar Corp. told a Florida federal judge that retirement account holders' claims that it allowed its $1.2 billion 401(k) plan to be reduced due to excessive fees and imprudent investments belong in arbitration or should be tossed entirely, saying the accusations fall short.
October 06, 2022
Retirement account holders have brought a proposed class action against Miami-based Lennar Corporation, alleging the construction company breached its fiduciary duty by allowing their benefits in its $1.2 billion 401(k) plan to be reduced due to excessive fees and compensation, despite underperforming investments.