Parties Dispute Dismissal Bid In 1 Of 5 ERISA Suits Over Forfeiture Allocation

(February 5, 2024, 10:23 AM EST) -- OAKLAND, Calif. — Parties in one of five similar Employee Retirement Income Security Act suits in California federal courts challenging “reallocation of the forfeitures in the [retirement plan’s] trust fund to reduce [the company’s] contributions” are disputing standing and whether the complaint sufficiently states the claims, with the defendants reiterating their arguments in a reply brief supporting their dismissal motion....