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Luciano Barragan v. Honeywell International Inc. et al
Case Number:
2:24-cv-01194
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Multi Party Litigation:
Class Action
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August 16, 2024
Intuit Decision Shows 401(k) Forfeiture Suits Gaining Traction
A California federal judge's recent decision refusing to toss a federal benefits lawsuit alleging Intuit misspent 401(k) plan forfeitures shows how a novel pleading under the Employee Retirement Income Security Act has gained a foothold in some district courts, attorneys say. Here's a rundown with attorneys on the Intuit ruling and what to expect as more large employers are being targeted with proposed class action litigation challenging 401(k) forfeiture spending.
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April 11, 2024
Rash Of 401(k) Forfeiture Suits Approach First Hurdles
Several recent lawsuits challenging how employers use 401(k) forfeitures — which occur when a worker leaves before an employer's matching contributions fully vest — are approaching critical early tests, with rulings expected on dismissal bids in the coming months. Here, Law360 looks at how this area of Employee Retirement Income Security Act litigation has gained traction, and what to look out for next.
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February 14, 2024
Honeywell Misused Forfeited 401(k) Contributions, Suit Says
Honeywell International has been unlawfully using ex-employees' forfeited 401(k) funds to offset its retirement plan contributions rather than covering plan expenses, according to a proposed class action filed in California federal court.