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ERISA Complaint Alleges $751k Retirement Account Theft
planadviser Link to more items from this source
July 12, 2022

"The entire retirement account balance of a Colgate-Palmolive retirement plan participant who lives in South Africa was distributed to a bank account in Las Vegas.... The lawsuit ... alleges that plan providers missed several red flags." [Disberry v. Employee Relations Committee of the Colgate-Palmolive Company, Alight Solutions, LLC, and the Bank of New York Mellon Corporation, No. 22-5778 (S.D.N.Y. complaint filed Jul. 7, 2022)]

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