US EditionDOL Sides With HP in 401(k) Forfeiture Suit - USA Herald
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DOL Sides With HP in 401(k) Forfeiture Suit - USA Herald
The U.S. Department of Labor has thrown its weight behind HP Inc. in a closely watched 401(k) forfeiture lawsuit, urging the Ninth Circuit to uphold the dismissal of a proposed class action accusing the tech giant of mishandling retirement funds. In an amicus brief filed Wednesday, Labor Secretary Lori Chavez-DeRemer told the court that a DOL backs dismissal in HP 401(k) forfeiture suit, arguing no ERISA violation in fund allocation method.
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