Eversource Energy 401(k) Suit Gets Class Treatment, With Caveat

Former Eversource Energy Co. employees challenging the New England energy provider’s retirement plan can press their claims as a certified class but can’t seek forward-looking changes unless a current plan participant joins the case, a Connecticut federal judge ruled Wednesday.

Judge Janet C. Hall of the US District Court for the District of Connecticut certified the Employee Retirement Income Security Act lawsuit as a class action covering more than 11,000 participants in and beneficiaries of the Eversource plan. However, Hall said the class could seek only plan losses and other retrospective relief, because the four named plaintiffs are former plan ...