We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Cash Advance Co. Dodges 401(k) Fiduciary Breach Claims

Law360 (July 12, 2018, 8:35 PM EDT) -- An Ohio federal judge on Thursday tossed an Employee Retirement Income Security Act suit alleging an emergency cash advance company wrongly placed its employees’ retirement savings into high-fee, poorly performing funds, finding that the plan participant behind the case waited too long to bring the claims.

U.S. District Judge James L. Graham granted Checksmart Financial LLC’s motion to dismiss Enrique Bernaola’s 2016 suit on behalf of himself and the company’s 401(k) plan, holding that the claims were barred by the three-year statute of limitations applicable in...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Bernaola v. Checksmart Financial LLC et al


Case Number

2:16-cv-00684

Court

Ohio Southern

Nature of Suit

Labor: E.R.I.S.A.

Judge

James L. Graham

Date Filed

July 14, 2016

Law Firms

Companies

Judge Analytics

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.