4th Circ. Dubious Of Class Status In Genworth 401(k) Suit

By Kellie Mejdrich ( October 21, 2025, 5:17 PM EDT) -- The Fourth Circuit seemed likely Tuesday to unravel a nearly 4,000-member class of Genworth Financial employee 401(k) participants who allegedly saw their retirement savings dragged down by underperforming BlackRock target date funds, given that individual investors' returns varied based on how close they were to retirement. ...

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