Winston Anderson, et al v. Intel Corporation Investment Policy Committee, et al
Case Number:
22-16268
Court:
Nature of Suit:
Companies
Sectors & Industries:
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March 20, 2025
2nd Circ. Appears Open To Restarting IBM Pension Fight
The Second Circuit on Thursday seemed to lean toward reviving a proposed class action alleging IBM shorted retirees on pension payments through the use of outdated mortality data, with two judges asking questions about possible summary judgment proceedings in the case.
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September 29, 2023
4 Argument Sessions ERISA Attys Should Watch In October
The Ninth Circuit will hear arguments this October from retirement plan participants looking to revive proposed class actions against Intel and Northrop Grumman, while the Fifth Circuit will tackle a would-be class case about 401(k) fees. Here's a look at four Employee Retirement Income Security Act cases attorneys will be keeping an eye on.
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August 11, 2023
Ex-Intel Workers Urge 9th Circ. To Revive ERISA Suit
A proposed class of former Intel workers asked the Ninth Circuit to reinstate their lawsuit alleging its 401(k) plan unlawfully spent billions on risky, poorly performing investments, saying the company's strategy was so outrageous that no comparator plans exist for them to use as a base for their claims.
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June 15, 2023
Chamber Urges 9th Circ. To Uphold End To Intel ERISA Suit
The U.S. Chamber of Commerce told the Ninth Circuit it shouldn't disturb the dismissal of a proposed class action claiming Intel Corp.'s 401(k) plan unlawfully spent billions on risky, poorly performing investments, arguing federal benefits law gives fiduciaries discretion and flexibility in choosing investment options.