Booz Allen, Capital One Beat BlackRock 401(k) Suits, Again (1)

Booz Allen Hamilton Inc. and Capital One Financial Corp. are free from litigation challenging the BlackRock Inc. target date funds in their 401(k) plans after a Virginia federal judge dismissed the proposed class actions for the second time.

Former Booz Allen worker Michael Tullgren failed to allege any facts that would show how the company’s process for monitoring and selecting 401(k) plan investments was flawed, Judge Michael S. Nachmanoff of the US District Court for the Eastern District of Virginia ruled Wednesday. Fiduciary breach claims under the Employee Retirement Income Security Act can’t move forward based on alleged investment performance ...