Janus Henderson 401(k) Fund Class Status Row Still Pending (1)

Janus Henderson US Holdings Inc. will be able to oppose a certified class action by employees who say their 401(k) plan improperly favored the company’s expensive and poorly performing in-house funds.

Judge Raymond P. Moore on Tuesday withdrew a same-day order on class certification in a lawsuit involving plan participants who invested in Janus Henderson funds through the company’s 401(k) and employee stock ownership plan since September 2016, with those responsible for plan administration excluded.

“The Chambers has indicated that the order should be deemed as withdrawn,” a court’s spokesperson said Wednesday. “The motion for certification remains pending and an ...