LinkedIn Corp. will pay $6.75 million to more than 17,000 current and former employees to settle a class-action lawsuit alleging the company violated its fiduciary duties in the management of a participant-directed 401(k) plan, according to court documents filed Wednesday.
Tag: fiduciary duties
Kraft Heinz Sues Aetna, Says Insurer Breached ERISA Fiduciary Duties
The Kraft Heinz Company sued insurer Aetna on June 30 in a Texas federal court, alleging that Aetna “breached its fiduciary duties and engaged in prohibited transactions” while administering Kraft Heinz’s self-funded medical and dental plans.