August 18, 2023
A Pennsylvania federal judge granted a win Friday to B. Braun Medical Inc. in a class action accusing it of saddling its 401(k) plan with high-cost investments and hefty record-keeping fees, saying the former workers couldn't show that its monitoring processes were faulty.
April 24, 2023
B. Braun Medical Inc. cannot escape former workers' class action accusing the medical device manufacturer of saddling their 401(k) plan with high-cost investments and hefty record-keeping fees, a Pennsylvania federal judge said, clearing the case to be heard by a jury.
July 01, 2022
A Pennsylvania federal judge certified a class of B. Braun Medical Inc. ex-employees who say the medical device manufacturer flouted federal benefits law by charging lofty fees on their 401(k) plan, after the Third Circuit ruled on a related lawsuit.
February 18, 2022
A Pennsylvania federal court will hold off on ruling whether to certify a class of B. Braun Medical Inc. employees until the Third Circuit issues a ruling in a related lawsuit where employees also allege 401(k) mismanagement in violation of federal benefits laws.
June 04, 2021
A Pennsylvania federal judge on Friday refused to toss a proposed ERISA class action alleging B. Braun Medical Inc. mismanaged its 401(k) plan, finding that four former employees had backed up their allegations that the medical device manufacturer improperly selected high-cost investments and incurred excessive record-keeping fees.
January 04, 2021
Four former B. Braun Medical Inc. employees urged a Pennsylvania federal judge to preserve their challenge to the company 401(k) plan's fees, arguing Monday that a recent ruling undermines the medical device manufacturer's bid to toss their proposed ERISA class action.
August 27, 2020
Four former employees of B. Braun Medical Inc. have hit the major medical device manufacturer with a proposed ERISA class action in Pennsylvania federal court alleging the company's 401(k) plan fees were too high.