April 28, 2026
An insurance company urged the Fourth Circuit not to review a panel's earlier decision unraveling certification for more than 4,000 of the insurance company's 401(k) plan participants on claims they lost millions from underperforming BlackRock Inc. target date funds, arguing against two ex-workers' bid for en banc review.
April 16, 2026
The Fourth Circuit on Thursday sought Genworth Financial Inc.'s response to employee 401(k) participants who asked the court to rethink nixing class certification in their lawsuit alleging their retirement savings were bogged down by underperforming BlackRock Inc. target date funds.
April 08, 2026
JPMorgan Chase & Co. narrowed but couldn't escape a suit from workers who said their health plan paid too much for prescription drugs, Genworth Financial Inc. unwound a class at the Fourth Circuit, and the Sixth Circuit breathed new life into proposed class actions against FedEx and Kellogg. Here, Law360 looks at these and three other notable decisions from March in ERISA cases.
March 16, 2026
A Virginia federal judge reversed class certification in a lawsuit claiming an electric utility trade group let its 401(k) plan be charged inflated administrative fees, pointing to the Fourth Circuit's recent decision in a separate case that unwound class status based on the varied performance of individual accounts.
March 13, 2026
A recent Fourth Circuit decision in a suit challenging Genworth Financial Inc.'s inclusion of target-date fund investments as employee retirement plan options will make it tougher to certify similar class actions and could have a ripple effect in a broader range of cases, experts told Law360.
March 10, 2026
The Fourth Circuit on Tuesday reversed class certification for Genworth Financial Inc. employee 401(k) participants who alleged that their retirement savings were dragged down by underperforming BlackRock Inc. target date funds, holding that individual plan participants' investment performance was too varied for the court to sign off on their claims as a group.
October 21, 2025
The Fourth Circuit seemed likely Tuesday to unravel a nearly 4,000-member class of Genworth Financial employee 401(k) participants who allegedly saw their retirement savings dragged down by underperforming BlackRock target date funds, given that individual investors' returns varied based on how close they were to retirement.
October 07, 2025
The Second Circuit will hear from Teamsters looking to revive a proposed class action alleging mismanagement of a multiemployer pension plan, while Alcoa will ask the Seventh Circuit to overturn a ruling requiring the aluminum maker to cover union retirees' healthcare for life. Here, Law360 looks at four arguments that benefits attorneys should have on their radar this month.
May 06, 2025
Genworth Financial asked the Fourth Circuit to disband a class of 4,000 retirement plan members who said underperforming BlackRock target-date funds ate into their savings, saying each class member's situation would require individualized review.
September 16, 2024
The Fourth Circuit gave Genworth Financial a green light to challenge a recent trial court decision certifying a class in a suit brought by former Genworth workers who said the company violated federal benefits law by keeping underperforming BlackRock target-date funds in their 401(k) plan.