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Violation Tracker Individual Record

Company: Koch Industries
Current Parent Company: Koch Industries
Penalty: $4,000,000
Year: 2021
Date: December 9, 2021
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Koch Industries agreed to pay $4 million to settle a lawsuit alleging that it failed to efficiently manage its employees retirement plans.
Level of Government: federal
Action Type: private litigation
Court: Northern District of Georgia
Civil or Criminal Case: civil
Case ID: 1:20cv2973
Case Name: Kinder et al v. Koch Industries, Inc. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Kansas
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: diversified
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.