Coca-Cola Bottler Workers Drop 401(k) Fund, Forfeiture Lawsuit

Participants in Coca-Cola Southwest Beverages LLC’s retirement plan dropped their lawsuit challenging the plan’s JPMorgan target date funds and how the soda distributor handles 401(k) money forfeited by departing employees.

The parties on Monday filed paperwork agreeing to have the seven-month-old proposed class action dismissed. Their stipulation doesn’t prevent the plaintiffs from filing a new complaint raising similar or identical claims against the company, they told Judge Sam A. Lindsay of the US District Court for the Northern District of Texas.

• The lawsuit said the company filled its retirement plan with a suite of pricey and underperforming target date funds ...