One AT&T Plaza - AT&T headquarters in Dallas.
These 401(k) forfeiture lawsuits that challenge how a company handled its 401(k) money forfeited by departing employees, keep coming. So far this year, HP, JP Morgan and Amazon have been embroiled in these class action lawsuits.
Now, AT&T, one of the latest employers to be hit with one of these class actions, says its lawsuit should be dismissed. AT&T has filed a motion to dismiss in the U.S. District Court for the Central District of California, claiming that the plaintiff in Hernandez v. AT&T Services Inc. et al, is “jumping on a bandwagon of cookie-cutter plan forfeiture challenges recently brought against dozens of large plans," according to the firm.
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Lynn Cavanaugh
Lynn Varacalli Cavanaugh is Senior Editor, Retirement at BenefitsPRO. Prior, she was editor-in-chief of the What's New in Benefits & Compensation newsletter. She has worked for major firms in the employee benefits space, Vanguard and Willis Towers Watson, as well as top media companies, including Condé Nast and American Media.
