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Hanigan v. Bechtel Global Corporation et al
Case Number:
1:24-cv-00875
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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January 13, 2025
Bechtel Escapes 401(k) Suit Alleging Shoddy Default Fund
A Virginia federal judge dismissed a retiree's suit claiming Bechtel Global Corp. tapped a pricey and underperforming fund for its retirement plan's default investment option, tossing the suit a second time for failing to show that a comparable fund was a better option.
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November 18, 2024
Bechtel Retiree Seeks Class Status In 401(k) Fee Suit
A Bechtel Global Corp. retiree asked a Virginia federal judge to let her represent 7,000 retirement plan participants in her suit claiming the engineering company overcharged its $5.7 billion plan by tapping a pricey default investment option.
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October 21, 2024
Bechtel Beats 401(k) Excessive Fee Suit For Now
A Virginia federal judge threw out a retired worker's suit claiming an engineering company automatically pushed workers' savings in its $5.1 billion retirement plan into an overpriced managed account program, ruling her case lacks proof that comparable plans got a better deal.
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August 28, 2024
Engineering Co. Says Overpriced 401(k) Fee Suit Lacks Proof
An engineering company urged a Virginia federal judge to toss a former employee's proposed class action alleging it automatically enrolled workers into a pricey managed account program in its $5.1 billion retirement plan, arguing that her suit hinges on a problematic "apples-to-oranges comparison."
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May 24, 2024
Engineering Co. Mismanaged 401(k) Plan, Ex-Worker Says
An engineering company forced participants in its $5.1 billion retirement plan to pay lofty administrative fees by automatically enrolling them into expensive managed account programs, thereby breaching federal benefits law, according to a proposed class action filed in Virginia federal court Friday.