On July 19, 2021, we filed a lawsuit on behalf of participants in the MetLife 401(k) Plan (“Plan”). The lawsuit alleges that the Plan’s fiduciaries (the Defendants in the case) violated the Employee Retirement Income Security Act of 1974 (“ERISA”) by failing to act prudently or in the interest of the Plan’s participants and beneficiaries.
Among other things, the lawsuit alleges that Defendants breached their fiduciary duties by providing imprudent investment options affiliated with MetLife in the plan menu that charge excessive fees.
The lawsuit seeks to recover the Plan’s financial losses and other equitable relief. For a copy of the Complaint, click here.
This case is entitled Kohari, et al. v. MetLife Group, Inc., et al., Case No. 1:21-CV-06146 (S.D.N.Y)
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