Renaker Hasselman Scott filed suit on behalf of a participant in the Estee Lauder Companies 401(k) Savings Plan whose account was decimated by a series of three unauthorized distributions in September and October 2016. The plaintiff alleges that the plan administrator, third-party recordkeeper, and trustee each breached its ERISA fiduciary duties by failing to safeguard the plan assets against theft, including by failing to notify her of the distribution requests before making the distributions.
Read the complaint here.
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Participant Sues Estee Lauder Over 401(k) Security Breach
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