Aon Prevails In 401(k) Suit; Class Settlement With Lowe’s Gets Final Approval

Mealey's (October 15, 2021, 12:50 PM EDT) -- STATESVILLE, N.C. — Following a bench trial in a class action challenging a retirement plan adviser’s actions including the move of more than $1 billion in assets to a growth fund, a federal judge in North Carolina on Oct. 12 ruled that Aon Hewitt Investment Consulting Inc. did not breach its fiduciary duty and ordered each party to bear its own costs and attorney fees with respect to those claims....