GE Says Judge Misunderstood Prohibited Transaction Claim

Published: 11/01/2019
GE Says Judge Misunderstood Prohibited Transaction Claim
Source: WWW.LAW360.COM

General Electric Co. on Friday asked a Massachusetts federal judge to reconsider her decision to allow a claim that GE improperly invested workers' retirement savings in subpar company-affiliated funds, telling the judge she misinterpreted the conditions under which an exemption to the Employee Retirement Income Security Act's self-dealing rules apply.

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