March 24, 2026
A carpenters union and its retirement plan manager failed in an early bid to defeat a class action claiming they violated federal benefits law by investing retirement plan assets in risky funds that lost more than $250 million, with a Washington federal judge saying the Ninth Circuit already determined that the workers have a viable claim.
May 25, 2023
Carpenters are turning to the Ninth Circuit in hopes of reviving a proposed class action accusing their union of throwing workers' retirement savings into risky investments that lost over $250 million during the 2020 market downturn.
May 12, 2023
A Washington federal judge tossed a suit claiming a carpenters union broke federal benefits law when it invested retirement plan assets in dicey index funds that lost over $250 million in the 2020 market downturn, ruling the carpenters who sued didn't back up their claims of financial harm.