Olin Corp. escapes lawsuit over pension plan fees

By Abby Wargo (June 22, 2022, 6:52 p.m. EDT) – A federal judge in Missouri has filed a lawsuit charging Olin Corp. and its board of directors for mishandling its $930 million 401(k) plan, judging the case to be based on false comparisons.

U.S. District Judge Stephen R. Clark on Tuesday granted the manufacturing company’s motion to dismiss a class action lawsuit brought by Malika Riley and Takeeya Sharonte Reliford challenging what they called excessive 401(k) plan charges. of the society. Judge Clark said their claims did not hold enough water for the case to proceed.

“The rare allegations by Riley and Reliford do not provide a meaningful benchmark against which the court can assess their claim,”…

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