401(k) lawsuit claims Caesars gambled and lost
A class-action lawsuit alleges that the company breached its fiduciary duties in connection with a change in the investment menu. Most of the assets in the $1.4 billion plan went into Russell Investment target-date funds, according to the complaint.
A participant in the Caesars Holdings 401(k) plan on Wednesday sued the company and Russell Investments, alleging that a change in the fund menu cost the plan $100 million in lower returns.
The class-action suit, filed in U.S. District Court in the District of Nevada, was brought by law firms Nic
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