General Electric has been hit with a class action lawsuit demanding $700 million over claims that the corporation engaged in self-dealing in handling its employees’ retirement plans.
According to the lawsuit filed Sept. 26 in U.S. District Court for the Southern District of California, GE selected proprietary mutual funds for its retirement plan when better options were available for its employees.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
