Real Estate Firm Hit with Class-Action Lawsuit over Climate Risk in Retirement Plan

Your 401(k) could shrink due to climate risks. A lawsuit argues that your employer has a duty to protect it

A novel legal challenge alleges that a real estate company breached its duties by failing to protect retirement savings from climate-related financial risks.

Real estate firm hit with class-action lawsuit over climate risk in retirement plan

A former employee at Cushman & Wakefield alleged in her suit the firm failed to properly monitor and protect its employee 401(k) plan from “material climate-related financial risks.”

Climate Risk is the New Sub-Prime: Lawsuit

ClientEarth USA has filed a lawsuit against Cushman & Wakefield US Inc., charging that Instead of safeguarding its workers’ futures, the commercial real estate giant is funneling their retirement savings into a high-risk fund packed with coal-powered utilities and other businesses that are highly vulnerable to climate disruption. The case alleges Cushman & Wakefield never evaluated whether those funds left workers’ savings exposed to climate-rel…

First-of-Its-Kind Lawsuit Filed Against Cushman & Wakefield for Failure to Protect Employee 401(k) Plan from Climate-Related Financial Risks

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First-Ever Landmark Climate-Safe Retirement Fund Lawsuit

Open the article to view the coverage from Stand.earth