Philips North America Can't Shake 401(k) Fund, Forfeiture Suit
By Kellie Mejdrich · September 8, 2026, 12:42 PM EDT
A Massachusetts federal judge opened discovery on allegations that Philips North America mismanaged its $5.7 billion employee 401(k) plan by offering an underperforming stable value fund and by misallocating forfeitures, ruling...
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