Class Cert Requirements Not Met In ERISA 401(k) Challenge, Goldman Sachs Says

Mealey's (July 22, 2021, 1:37 PM EDT) -- NEW YORK — A retirement plan participant’s allegations that The Goldman Sachs Group Inc. and plan managers violated the Employee Retirement Income Security Act by retaining proprietary mutual funds do not satisfy the requirements for class certification in part because of “his evidence-free approach,” the defendants argue in a July 19 sur-reply filed in a federal court in New York....