September 02, 2026
Avangrid has asked a Connecticut federal judge to dismiss a proposed class action by a former employee who claims an underperforming retirement fund cost participants at least $45 million, arguing the worker inappropriately compared an actively managed collective investment trust to a mutual fund and an unmanaged benchmark index.
June 24, 2026
An Avangrid unit's retention of an underperforming T. Rowe Price 401(k) fund has cost workers at least $45 million since 2020, and that figure is only expected to climb, according to an ERISA lawsuit in Connecticut federal court.