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Judge rejects Kimberly-Clark motion to dismiss retirement plan lawsuit

Posted On: Apr. 10, 2023 10:05 AM CST

A federal judge in Texas has ruled that breach of fiduciary duty arguments brought against the Kimberly-Clark Corp. as a retirement plan sponsor can proceed, denying a motion by the company to dismiss, reports Plansponsor. The court denied the company’s motion to dismiss Seidner vs. Kimberly-Clark Corp., stating that the arguments of the plaintiffs, former workers at Kimberly-Clark, supported the fiduciary breaches of the duty of prudence and the duty to monitor plan investments and service providers.