A lawsuit alleging Wood Group US Holdings Inc. employees lost retirement savings because of high fees and untested target date funds in their 401(k) plan should be certified as an 8,000-person class action, plan participants told a California federal judge.
The lawsuit asserts claims on behalf of the Wood Group 401(k) plan and seeks remedies due to the plan under the Employee Retirement Income Security Act, plaintiff Robert Lauderdale said in a motion filed Monday in the U.S. District Court for the Central District of California. Lawsuits accusing ERISA plan fiduciaries of breaching their duties are “paradigmatic examples” of cases ...
[OSEN=Choi Lee-jung Reporter] As past remarks by singer Yang Hong-won expressing his dislike of infidelity resurface, reactions continue to grow that the recent 'motel infidelity allegations' agai...