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Lawsuit Alleges Employer Failed to Protect Employee 401(k) Plan from Climate-Related Financial Risks
Cohen Milstein 
Mar. 5, 2026 "[The company] explicitly acknowledged that climate change poses a material threat to its own business operations and moved to insulate its balance sheet, yet allegedly failed to apply similar risk analysis to its 401(k) plan....The case could have profound implications for the $12 trillion in retirement savings held in 401(k)-style plans, potentially establishing a legal precedent that recognizes climate risk management as a mandatory component of fiduciary duty." [Kvek v. Cushman & Wakefield U.S., Inc., No. 26-0736 (W.D. Wash. complaint filed Mar. 3, 2026)] MORE >> |
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