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Cerner Hit With Second Class Suit Over 401(k) Fees, Mutual Funds

April 14, 2020, 3:05 PM

Cerner Corp. was hit with another class lawsuit Tuesday challenging its 401(k) plan fees, this one in the District of Kansas by a former employee who says he never signed an arbitration agreement with the health technology company.

Joshua Clark’s lawsuit, which seeks to represent a class of “thousands” of Cerner plan participants, comes three months after four former Cerner employees filed a similar suit in the Western District of Missouri. Last week, the company sought to have that dispute moved to arbitration, claiming the employees signed mutual arbitration agreements that blocked their lawsuit.

Clark says his Employee Retirement Income...

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