After Settlement Attempts, Claims Ruled Time-Barred In Case Over CD-Only 401(k)

Mealey's ( March 6, 2023, 3:03 PM EST) -- LOS ANGELES — After twice denying settlement approval in a putative class action concerning alleged Employee Retirement Income Security Act violations regarding a 401(k) plan that invested only in certificates of deposit (CDs), a California federal judge granted summary judgment under the law’s statute of limitations....

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