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Violation Tracker Individual Record

Company: Lowe's Companies, Inc.
Current Parent Company: Lowe's
Penalty: $12,500,000
Year: 2021
Date: September 9, 2021
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Lowe's agreed to pay $12.5 million to settle an ERISA class action brought by current and former employees who alleged that the company and its investment consultant Aon Hewitt mismanaged their retirement savings.
Level of Government: federal
Action Type: private litigation
Court: Western District of North Carolina
Civil or Criminal Case: civil
Case ID: 5:18cv75
Case Name: Reetz v. Lowe's Companies, Inc. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: North Carolina
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: retail-home improvement
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.