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Wells Fargo Beats 401(k) Lawsuit Over Forfeited Funds - USA Herald
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Wells Fargo Beats 401(k) Lawsuit Over Forfeited Funds - USA Herald
In a major win for Wells Fargo, a Minnesota federal judge has thrown out a proposed class action ERISA lawsuit that accused the banking giant of misusing forfeited 401(k) funds—ruling the plaintiff lacked standing and failed to show personal harm. U.S. District Judge John R. Tunheim issued the decisive ruling Wednesday, granting Wells Fargo & Wells Fargo 401(k) worker suit escape as judge tosses ERISA case over use of forfeited funds.
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