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Bates & Company, Inc.
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Great-West Loses Another Round in ERISA Class Action
Bloomberg BNA June 24, 2016
"A federal judge in Colorado certified the case as a class action on behalf of more than 270,000 investors in about 13,600 different retirement plans. The judge also denied Great-West's attempt to block expert testimony on the amount of money at stake in the lawsuit.... The dispute centers on the Great-West Key Guaranteed Portfolio Fund, a guaranteed investment contract the company offered to participants in 401(k) plans." [Teets v. Great-West Life & Annuity Ins. Co., No. 1:14-cv-02330 (D. Colo. June 22, 2016)]
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