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General Electric 401(k) Lawsuits Poised for Law Firm Battle

Dec. 5, 2017, 3:08 PM

General Electric Co. is trying to streamline the recent flood of litigation over its retirement plan fees, but at least one plaintiffs’ law firm is promising to put up a fight.

GE Dec. 4 asked a judge to transfer a proposed class action over its $28.5 billion 401(k) to a federal court in Massachusetts, where three similar lawsuits have been filed in the past six weeks. Sanford Heisler Sharp LLP, the law firm that brought the first lawsuit against GE in a California federal court, responded the same day by asking for the Massachusetts cases to be transferred to California. ...