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Nicholas Prattico v. Mattel, Inc. et al
Case Number:
2:24-cv-02624
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Nature of Suit:
Multi Party Litigation:
Class Action
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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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April 02, 2024
Mattel Used Forfeited 401(k) Funds For Itself, Suit Says
Mattel unlawfully utilized former workers' forfeited 401(k) funds to cover its retirement plan contributions rather than offsetting millions of dollars in expenses paid by plan participants, according to a proposed class action filed in California federal court.