Intuit, Former Worker Reach Settlement in 401(k) Forfeiture Suit

Intuit Inc. and former employee Deborah Rodriguez reached a settlement in a proposed class action challenging how the company handled forfeitures in a 401(k) plan.

The parties negotiated a final written settlement with mediator assistance that is ready for court approval, they told the US District Court for the Northern District of California in a Tuesday notice. Counsel for the parties didn’t immediately respond to a request for comment, and terms of the settlement weren’t made available.

• Judge P. Casey Pitts ruled Aug. 12 that part of the suit could proceed, stating that Rodriguez validly alleged that Intuit breached its ...