October 27, 2011
A judge on Tuesday shot down a bid for class certification by Kraft Foods Global Inc. workers who say their employer violated the Employee Retirement Income Security Act by investing their 401(k) dollars into benefit funds that underperformed relative to comparable index funds.
September 30, 2011
Citing the Seventh Circuit's recent dismissal of a class action against Exelon Corp., Kraft Foods Global Inc. asked an Illinois federal judge Thursday to reconsider a ruling that kept alive a claim that the food giant made illegal investments with a $3 billion employees' retirement fund.
July 19, 2011
An Illinois federal judge overseeing a class action accusing Kraft Foods Global Inc. and related companies of mismanaging a $3 billion employee retirement fund limited the scope of the plaintiffs' claim Thursday but largely denied Kraft's motion for summary judgment.
April 28, 2011
Plaintiffs accusing Kraft Foods Global Inc. of mismanaging pension funds fired back Wednesday at the company's effort to decertify their Illinois class action, blasting a Kraft expert witness who argued that no Employee Retirement Income Security Act suit is class-certifiable.
July 08, 2008
Kraft Foods Global Inc. and Altria Group Inc. have been hit with a class action alleging fiduciary duty violations for allegedly mismanaging employee 401(k) plans and charging excessive fees.