Common use of What Is The Class Action About Clause in Contracts

What Is The Class Action About. In the Class Action, Class Representatives claim that, during the Class Period, the Defendant violated the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended, 29 U.S.C. §1001, et seq., with respect to its management, operation, and administration of the Plans, including allowing excessive fees and imprudent investments in the Plans. Defendant has denied and continues to deny the claims and contentions of the Class Representatives, that it is liable at all to the Class, and that the Class or the Plans have suffered any harm or damage for which Defendant could or should be held responsible.