A pair of ex-Amazon employees failed to convince a federal judge that the company unlawfully used tens of millions of dollars annually in retirement fund contributions from employees who left the company to offset Amazon’s own 401(k) obligations.
The online retailer didn’t breach any fiduciary duty since its use of 401(k) forfeitures is consistent with the terms of its retirement plan, the US District Court for the Western District of Washington said. Judge Ricardo S. Martinez dismissed the proposed class action without ...