Law360 (June 15, 2021, 8:09 p.m. EDT) – A Massachusetts federal court on Tuesday refused to dismiss a proposed class action lawsuit filed by Liberty Mutual workers who claimed the company had imposed too many fees on its pension plan high and poor performing funds. , costing them millions of dollars and violating federal benefits law.
U.S. District Judge Mark Mastroianni dismissed the insurer’s motion to dismiss in its electronic record order, determining that the proposed class of workers and retirees had sufficiently argued their case alleging that Liberty Mutual Group Inc. had mismanaged its 401 (k) plan and violated the employee pension plan. Income Security Act.
Liberty Mutual and its 401 (k) Plan Administrative Committee told the …
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