Ex-Genworth Workers Seek Class in BlackRock 401(k) Fund Lawsuit

Former Genworth Financial Inc. employees fresh off a groundbreaking win in their lawsuit challenging their retirement plan’s BlackRock Inc. target date funds asked a federal judge to certify the case as a class action.

The employees requested a class covering more than 4,000 people who participated in the Genworth plan since July 2016, along with their beneficiaries. The case turns on common questions, like Genworth’s status as a plan fiduciary and whether it breached its duties by failing to appropriately investigate and monitor the BlackRock funds, they said.

The motion, filed Monday in the US District Court for the Eastern ...