Tag: company stock in retirement plans

Boeing DC Plan Participants Sue Over Inflated Stock Price

The lawsuit, filed on behalf of participants invested in Boeing stock in all of Boeing’s defined contribution plans, alleges the firm breached its fiduciary duty by failing to inform participants of potential market losses due to 737 MAX airplane issues.

Gannett Faces ERISA Stock Drop Complaint

The lawsuit alleges that Gannett Co., its benefit plans committee and other fiduciaries’ decision to concentrate plan investments in Gannett’s parent company common stock was a breach of their fiduciary duties under ERISA and caused a loss of approximately $135 million.