Auto Parts Co. Strikes Deal To End Suit Over $1.6B 401(k) Plan

By Grace Elletson (May 6, 2024, 1:21 PM EDT) -- Auto parts supplier Magna International agreed to settle a class action covering about 20,000 workers who claimed to have lost millions in retirement savings because the company failed to cut underperforming and costly investments from their $1.6 billion retirement plan....

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