January 10, 2022
A California federal judge has permanently dismissed all but one claim from a proposed ERISA class action accusing Intel's retirement and 401(k) plan fiduciaries of spending billions on "risky," poorly performing investment options.
December 14, 2016
An Intel Corp. investment committee urged a California federal judge on Wednesday to dismiss a putative Employee Retirement Income Security Act class action brought by a former Intel employee who alleged the committee unwisely invested workers' retirement funds in risky ventures, saying the claims are time-barred.
October 30, 2015
The Intel Corp. committee responsible for directing where to invest funds from its retirement and 401(k) plans was hit with a putative class action in California federal court Thursday over allegations that it unwisely invested the money in risky private equity investments and hedge funds, causing significant losses.