Motion Seeks to Hold Alight Liable for Theft of 401(k) Assets
Plaintiff Paula Disberry has requested the court order restoration of her $750,000 in lost assets.
Source: plansponsor.com
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Plaintiff Paula Disberry has requested the court order restoration of her $750,000 in lost assets.
Alight claims Paula Disberry’s retirement lawsuit “arose out of the unfortunate theft,” of $750,000 in 401(k) assets, not fraud or breach of fiduciary duty by the defendant.
Attorneys for the Colgate-Palmolive Employee Relations Committee seek to end the plan sponsor’s involvement in a lawsuit alleging fraudsters stole a participant’s retirement plan assets.