DOL Asks 3rd Circ. To Back Siemens' 401(k) Forfeiture Suit Exit
By Kellie Mejdrich ( January 26, 2026, 2:53 PM EST) -- The U.S. Labor Department supported Siemens Corp.'s request that the Third Circuit affirm the dismissal of a proposed class action alleging the technology company's use of millions in forfeited 401(k) funds violated federal benefits law, agreeing with a lower federal court that the allegations reached beyond ERISA's scope....
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