Plaintiff Prevails In 3rd Dismissal Ruling In ERISA Forfeiture Cases

(August 15, 2024, 1:24 PM EDT) -- SAN JOSE, Calif. — Plaintiffs have now prevailed in two of the three rulings on dismissal motions in recent Employee Retirement Income Security Act cases filed against retirement plan sponsors for allegedly not using forfeited nonvested matching contributions to pay administrative expenses, with the California federal judge that issued the third ruling differentiating the claims from those in a similar case that was dismissed with leave to amend....

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