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Genworth Unravels 401(k) Fund Suit Class Cert. At 4th Circ.

By Kellie Mejdrich ( March 10, 2026, 2:15 PM EDT) -- The Fourth Circuit on Tuesday reversed class certification for Genworth Financial Inc. employee 401(k) participants who alleged that their retirement savings were dragged down by underperforming BlackRock Inc. target date funds, holding that individual plan participants' investment performance was too varied for the court to sign off on their claims as a group....

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