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Motz et al v. Citigroup Inc. et al
Case Number:
3:22-cv-00965
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
- American Benefits Council
- American Retirement Association
- Citigroup Inc.
- The ERISA Industry Committee
Sectors & Industries:
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December 03, 2024
Judge Suspects Citigroup 401(k) Suit May Unnerve Fiduciaries
Allowing discovery in a proposed class action over allegedly imprudent investments in Citigroup Inc.'s employee 401(k) plan may signal to fiduciaries that their decisions are subject to judicial second-guessing, a Hartford federal judge observed Tuesday amid oral argument on the company's motion to dismiss.
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December 02, 2024
Citigroup Workers Say 2 Courts Back Their 401(k) Suit
A proposed class of ex-workers for Citigroup Inc. urged a Connecticut federal court on Monday to reject their former employer's motion to dismiss a case alleging mismanagement of an employee 401(k) plan, arguing that two recent decisions in similar cases supported allowing the claims to proceed.
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April 23, 2024
Citi Says 401(k) Suit No Different From Others That Were Axed
Citigroup Inc. has urged a Connecticut federal judge to permanently toss a proposed class action brought by former employees who claim the company mismanaged their 401(k) plans, arguing that decisions made in other courts dismissing similar challenges support the suit's dismissal.
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March 11, 2024
US Chamber Backs Dismissal Of Citigroup 401(k) Suit
The U.S. Chamber of Commerce backed Citigroup's efforts to shut down a suit in which workers claimed mismanagement of their 401(k) plan, telling a Connecticut federal court that these types of suits cherry-pick data and should not stand in court.
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November 20, 2023
Wave Of ERISA Suits Over BlackRock Funds Hit Hurdles
A recent crop of Employee Retirement Income Security Act suits from ex-workers challenging the decision to retain certain BlackRock investment options in their 401(k)s have stumbled in federal court.
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August 26, 2022
6 New ERISA Retirement Plan Suits To Watch
Proposed class actions challenging the performance of a suite of BlackRock target date funds in huge company 401(k) plans stand out from a healthy crop of Employee Retirement Income Security Act lawsuits filed this summer. Law360 reviews six new ERISA class actions.