Article
Federal District Court Grants Motion for Class Certification in Case Alleging Imprudent Selection of Plan Investment Options
Last month, in "George, et al. v. Kraft Foods Global, Inc., et al.", Case No. 08-c-3799 (N.D. Ill. Aug. 25, 2010) ("Kraft II"), the U.S. District Court for the Northern District of Illinois granted a motion to certify as a class action a lawsuit filed by several plan participants challenging the prudence of including two actively managed mutual funds in their employer’s defined contribution plan (the "Plan").
Goodwin Procter LLP
