Ex-workers want class status for pension plan suit

By Rachel Stone (July 25, 2022, 4:31 p.m. EDT) — Two former employees of Stantec Consulting Services who claim the engineering services firm’s “colossal failure” to oversee their pension plan violated the Federal Benefits Act sought court blessing to sue on behalf of a class of more than 10,000 plan participants and beneficiaries.

In a filing in federal court in Arizona on Friday, the ex-workers pleaded for collective certification of their case, alleging Stantec’s $1.4 billion pension plan paid excessive administrative fees and retained overpriced investments, claiming the company defendants failed to perform their duties under the Employee Retirement Income Security Act.

In their motion for class certification, the workers cited…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS


Source link