Try our Advanced Search for more refined results
Your firm must have an account to access this feature
Track this case
Case overview
5:19-cv-04618
California Northern
Labor: E.R.I.S.A.
Class Action
Vince Chhabria
A California federal judge has permanently dismissed all but one claim from a proposed ERISA class action accusing Intel's retirement and 401(k) plan fiduciaries of spending billions on "risky," poorly performing investment options.
A California federal judge Thursday tossed three former Intel Corp. employees' proposed Employee Retirement Income Security Act class action accusing fiduciaries overseeing the company's investment plans of funneling billions of funds into "risky" endeavors, ruling the workers failed to provide even "minimal factual support" of some allegations.
A former Intel Corp. employee has accused the committee that directs fund investment from Intel's retirement and 401(k) plans of unwisely funneling billions of dollars' worth of workers' retirement savings into "risky" investments.