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Ramsey et al v. Philips North America LLC
Case Number:
3:18-cv-01099
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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May 11, 2018
Philips Strikes $17M Deal To End Suit Over Its 401(k) Plan
Philips North America LLC has agreed to a $17 million deal to bring an end to a putative class action from a group of 401(k) plan participants who claimed they were shouldered with unreasonable expenses because the company picked costly investments that performed poorly.
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May 10, 2018
Philips 401(k) Plan Was Needlessly Costly, ERISA Suit Says
Philips North America LLC was hit with a putative class action in Illinois federal court on Thursday by 401(k) plan participants who say they shouldered unreasonable expenses because the company picked costly investments that performed poorly.