The U.S. Supreme Court on Friday agreed to rule on when workers can sue their employer over losses to 401(k) funds containing shares of a company’s own stock.
The high court agreed to hear an appeal brought by Cincinnati-based Fifth Third Bancorp. The financial firm is fighting a class-action lawsuit alleging it violated a federal law on employee- benefits by allowing workers to continue to invest their retirement savings in the company’s stock at time when the shares were allegedly too risky.
via Can Employees Sue Over 401(k) Losses? Supreme Court to Decide – Law Blog – WSJ.
