September 15, 2026
A proposed class action against Charter Communications Inc. alleging the company misspent forfeitures from an employee 401(k) plan can partly move ahead, a Missouri federal judge said, holding that retirement plan participants plausibly alleged the company breached its fiduciary duties in violation of federal benefits law.
August 11, 2026
An Illinois federal judge on Tuesday agreed to stay a proposed class action against industrial retailer W.W. Grainger from ex-workers who alleged the company misspent forfeitures from an employee 401(k) plan, after parties told the court they had settled their dispute.
May 15, 2026
The Eighth Circuit's recent decision affirming the dismissal of a proposed class action claiming Wells Fargo misspent 401(k) forfeitures won't dissuade workers from filing similar suits, attorneys say, but those plan participants will likely include more details on how they were allegedly hurt.
May 13, 2025
Industrial supply company W.W. Grainger Inc. unlawfully used forfeited 401(k) funds to reduce its contributions to the retirement plan rather than cover expenses, costing plan participants millions of dollars in potential retirement benefits, according to a proposed class action in Illinois federal court.