Court rejects Coca-Cola bottler’s request to toss ERISA suit
Bloomberg
A federal court judge in North Carolina rejected a request by Coca-Cola Consolidated Inc. to dismiss an ERISA lawsuit filed by current and former participants in the bottling company s 401(k) plan.
The plaintiffs alleged that plan fiduciaries allowed unreasonable plan expenses and offered high-cost and poor-performing investment options. They also alleged the company failed to monitor the fiduciaries in the case of Jones et al. vs. Coca-Cola Consolidated Inc. et al., filed Nov. 24, 2020 in a U.S. District Court In Charlotte, N.C.
U.S. District Court Frank D. Whitney ruled March 31 that the plaintiffs had met their ERISA requirements for stating a claim for allegations made against the defendants, thus rejecting the motion to dismiss.