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Companies in Colgate-Palmolive Retirement Theft Case Try to Wash Hands of Liability
Pensions & Investments Link to more items from this source
Sept. 26, 2022

"Alight Solutions, Bank of New York Mellon and Colgate-Palmolive Co.'s employee relations committee all sought to toss a lawsuit brought against them by a former Colgate-Palmolive employee who had the entire balance of her retirement account stolen.... [The employee] filed a complaint against the companies in July, claiming they violated [ERISA] via a breach of fiduciary duty. This came after an individual impersonating her drained more than $750,000 from her account in March 2020 by successfully changing much of her account information, according to the complaint." [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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