close

Invesco to settles lawsuit concerning their 401(k) plan

invesco2

As I always say, being a mutual fund company with proprietary funds in their 401(k) plan makes them a target.

 

Despite winning a motion for summary judgment, Invesco just filed a notice of settlement concerning their 401(k) plan as plaintiffs were allowed to amend their complaint. The court dismissed the complaint but allowed plaintiffs to amend it. The court did cite that 55 to 68% of plan investments were affiliated with Invesco.

Story Page
%d bloggers like this: