January 30, 2025
Two workers urged the Eighth Circuit to revive their proposed class action claiming a telephone and data company allowed their $1.3 billion 401(k) plan to be overcharged with excessive fees, arguing the lower court held their claims to a high bar unsupported by circuit precedent.
November 06, 2024
An Iowa federal judge tossed a proposed class action alleging mismanagement of a telephone and data company's employee 401(k) plan, concluding Wednesday that workers had not sufficiently backed up allegations of excessive recordkeeping and administrative fees.