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Judge Rejects Citigroup Request for Dismissal of 401(k) Fees Suit
Pensions & Investments Link to more items from this source
Oct. 12, 2014
"A federal court judge in New York has rejected a Citigroup request for summary dismissal of a class-action lawsuit filed by two participants of a Citigroup 401(k) plan who allege the plan charged excessive fees. The case is now 7 years old. The original complaint made allegations of fiduciary breach relating to the merger in July 2001 of Travelers Group and Citicorp to form Citigroup ... The corporate merger resulted in the merger of respective 401(k) plans into a single Citigroup plan."

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