Magna International 401(k) Suit Gets Class Status After Hiccup

A lawsuit challenging Magna International of America Inc.'s retirement plan fees was certified as a class action by a federal judge who denied an earlier bid for class status based on problems with the workers tapped to lead the case.

Judge Nancy G. Edmunds on Thursday certified a class of more than 20,000 people covered by Magna’s 401(k) plan since 2014.

Edmunds said the proposed class representatives—Scott Vollmar, Cory Harris, and Bobby Garrett—were equipped to lead the case because they were familiar with the facts of the lawsuit and their roles as class representatives, had prepared and sat for depositions, ...