Cumulus Media Says Time Limit Spells Doom For 401(k) Suit

Law360 (May 29, 2020, 4:08 PM EDT) -- Cumulus Media wants to dismantle a proposed class action claiming it loaded its 401(k) plan with expensive investment choices and didn't rein in recordkeeping costs, arguing that most of the misconduct alleged by the ex-workers behind the suit is too old to sue over.  

The broadcast radio company filed a dismissal bid Thursday in an Employee Retirement Income Security Act lawsuit launched in February in Georgia federal court by former employees Cara Chiappa and Dan Alfonso.

While the ex-workers sought to represent a class of Cumulus Media 401(k) plan participants and beneficiaries in the past six years, the company said the plaintiffs...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!