Recent Wins for 401(k) Investors Signal New Class Defense Tactic [telecom]

401(k) investors are on a hot streak - in court.

Employees who file lawsuits claiming retirement plan mismanagement have notched an impressive string of victories at the class certification stage. Twenty such cases - including those against Northrop Grumman, Franklin Templeton, and Oracle Corp. - have won class action status in recent years, while only two lawsuits saw class certification motions denied, a Bloomberg Law analysis found.

Employees with pending lawsuits against JPMorgan, CenturyLink Inc., and American Airlines Inc. are trying to keep the streak alive.

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Bill Horne
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