Fiduciary Duty Class Action Against Lowe’s, Aon Hewitt Headed For Trial

Mealey's (February 23, 2021, 7:32 AM EST) -- STATESVILLE, N.C. — A class action by participants in and beneficiaries of the Lowe’s Cos. Inc. 401(k) challenging the move of more than $1 billion in plan assets to a growth fund managed by Aon Hewitt must go to trial, a federal judge in North Carolina said Feb. 12 in an order denying the parties’ cross-motions for summary judgment....