retirement plan liability News

Supreme Court Rejects Stricter Deadline for Employee Claims Against Retirement Plans

The U.S. Supreme Court on Wednesday refused to back stricter deadlines for workers to sue retirement plans over alleged mismanagement, ruling Intel Corp. cannot avoid a suit accusing it of unlawfully making high-risk investments that cost retirement plan beneficiaries hundreds …

Wells Fargo Facing Suit by Employees Over Retirement Funds Management

Wells Fargo & Co. faces a new U.S. lawsuit claiming that it funneled more than $3 billion of employee retirement savings into expensive, underperforming proprietary mutual funds to enrich itself. The proposed class-action lawsuit, filed Nov. 22 in federal court …