July 02, 2024
Amway's parent company will pay over $1.5 million to resolve a class action claiming it loaded its employee 401(k) plan with shoddy investments and excessive fees, plan participants leading the suit told a Michigan federal court.
April 16, 2024
A Michigan federal judge refused Tuesday to totally free Amway's parent company from a class action accusing it of stacking its 401(k) with unwise investments and excessive fees, saying a jury should determine whether the company's investment review process was prudent.
March 07, 2023
Amway's parent company yielded to three retirees' bid to certify a class alleging that the direct-sales company mismanaged its retirement plan, with the company and class saying Monday they hope to save the court time by agreeing the class meets certification requirements.
August 25, 2022
The parent company of Amway failed to convince a Michigan federal court to reconsider a decision preserving a proposed class action alleging the company allowed its 401(k) plan to include unwise investments and excessive fees, with a judge ruling that two recent Sixth Circuit decisions won't change the outcome.