Benefits & Executive Compensation News

Oracle Workers Renew Bid for Jury Trial in 401(k) Class Action

April 3, 2019, 5:57 PM

Oracle Corp. workers continue to push for a jury trial in their class action challenging the investment options in their $12 billion 401(k) plan.

The workers say their claims are triable by jury because they seek to hold the Oracle defendants personally liable for the plan’s monetary losses. This is a legal claim that can go before a jury, not an equitable claim that must be heard by a judge, the workers say in an April 2 filing.

Trial by jury has emerged recently as a hot-button issue in Employee Retirement Income Security Act litigation, cropping up in several class...

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