Welcome

Trader Joe’s 401(k) Fee Appeal Put on Hold for SCOTUS Ruling

Oct. 7, 2021, 2:53 PM

Upcoming appellate arguments over how Trader Joe’s Co. manages its 401(k) plan will be put on hold until the U.S. Supreme Court decides a similar case against Northwestern University, the U.S. Court of Appeals for the Ninth Circuit announced.

The appeals court on Wednesday canceled arguments in Kong v. Trader Joe’s Co., an Employee Retirement Income Security Act lawsuit previously scheduled to be heard Oct. 20. The case will be “held in abeyance” until the Supreme Court issues its decision in Hughes v. Northwestern University, which is scheduled for argument in December, the Ninth Circuit said.

In Hughes ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.