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Macias et al v. Sisters of Charity of Leavenworth Health System et al
Case Number:
1:23-cv-01496
Court:
Nature of Suit:
Employee Retirement Income Security Act (ERISA)
Multi Party Litigation:
Class Action
Judge:
Firms
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January 06, 2025
Hospital Escapes Investment Underperformance Suit, For Now
A Colorado federal judge on Monday agreed to initially toss a proposed class action alleging mismanagement of a faith-based nonprofit hospital's retirement plan, finding the plaintiffs haven't backed up their allegations of investment underperformance.
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June 16, 2023
Retirees Claim $1.8B Faith-Based Fund Underperformed
Three Colorado residents enrolled in retirement plans with the Sisters of Charity of Leavenworth Health System accused the company and its board of directors of failing to adequately review the plans' investment portfolio, resulting in the investment of a "materially underperforming" JPMorgan portfolio.