September 03, 2026
A California federal judge agreed to trim claims from a proposed class action against Lithia Motors alleging the car dealership company mismanaged its $1 billion employee 401(k) plan by misallocating forfeitures and offering subpar investments, while also opening discovery on some allegations in the dispute.
June 11, 2026
The U.S. Chamber of Commerce urged a California federal judge to toss a suit claiming a car dealership company misused forfeited funds and chose opaque investment options for its $1 billion 401(k) plan, warning the case could hurt retirement savers by leading to fewer investment options.
June 03, 2026
A California federal judge turned down an auto dealership company's bid for an Oregon transfer of an ex-worker's proposed class action alleging the company misallocated forfeitures from an employee 401(k) plan, and also rejected the company's bid to stay pleading deadlines in the case.