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.
‘Enforcement 40’ for 2020
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