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Cathy Pover v. The Capital Group Companies Inc. et al
Case Number:
2:23-cv-09657
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 01, 2025
9th Circ. Urged To Keep Capital Group 401(k) Suit In Court
An employee retirement plan participant urged the Ninth Circuit to keep in court her proposed class action alleging 401(k) mismanagement by The Capital Group Cos., arguing a lower court correctly blocked an arbitration provision in the plan that waived statutory rights under federal benefits law.
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August 13, 2024
Capital Group Can't Force 401(k) Fund Suit To Arbitration
A California federal court refused to force individual arbitration of a proposed class action against The Capital Group Companies Inc. from a 401(k) plan participant alleging mismanagement, finding an arbitration provision in plan documents couldn't waive statutory rights under the Employee Retirement Income Security Act.