February 17, 2022
An Illinois federal judge granted final approval to a $13.75 million settlement — including $4.6 million in attorney fees — to end a lawsuit between Walgreens and a class of retirees who said the company's 401(k) plan was mismanaged in violation of federal benefits laws.
January 04, 2022
Attorneys representing a class of nearly 200,000 participants in a 401(k) plan run by Walgreens asked an Illinois federal judge to award them $4.6 million for their work securing a settlement worth nearly $14 million.
October 25, 2021
A certified class of nearly 200,000 participants in a 401(k) plan asked an Illinois federal judge to greenlight their $13.75 million deal resolving claims that the pharmacy chain Walgreens cost workers $300 million by steering their retirement savings into mutual funds that brought subpar returns.
February 12, 2021
An Illinois federal judge gave a green light to a 240,000-person class in a lawsuit accusing pharmacy chain Walgreen Co. of costing workers $300 million by steering their retirement savings into mutual funds that brought subpar returns.
March 17, 2020
An Illinois federal judge mostly denied Walgreens' bid to toss a suit claiming it cost workers nearly $300 million in retirement savings by not eliminating subpar funds from its plan, saying it was too early to tell if the workers' claims about the 401(k) plan's underperformance held water.
November 05, 2019
Walgreens wants to ax a proposed class action accusing it of costing employees nearly $300 million in retirement savings by not removing underperforming funds from its retirement plan, arguing the suit is merely an example of "Monday-morning quarterbacking."
August 09, 2019
Walgreens workers said Friday in a proposed class action that they've lost nearly $300 million in retirement savings because the company has failed to remove a suite of underperforming funds from its plan.