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Participant Claims Nearly $100,000 Stolen from Estee Lauder 401(k) Plan Account
Treasury & Risk; registration may be required 
Oct. 21, 2019 "Under one allegation, the defendants breached their fiduciary duties by allowing the plan to make unauthorized distributions, failed to confirm the requests for the money, failed to provide timely notice of the distributions by phone or email, failed to identify suspicious requests that were wired to different bank accounts, failed to have in place processes to safeguard against unauthorized withdrawals, and failed to monitor the distribution process." [Berman v. Estee Lauder, No. 19-6489 (N.D. Cal. complaint filed Oct. 9, 2019)] MORE >> |
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