As markets prepare for interest-rate reductions in early 2024, the president of the Atlanta Fed said he expects cutting to begin in the third quarter, at the earliest.
The lawsuit alleges that CFO John Rex interfered, for "commercial" reasons, with a decision by the company's investment committee to drop a set of target-date funds.
Court watchers anticipate an influx of lawsuits, not from new hires so much as from existing employees who see their employer's pay scales for the first time.