Insulet Hit With Latest Suit Over American Century 401(k) Funds

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Medical device maker Insulet Corp. is facing a new proposed class action lawsuit concerning the American Century Investments target-date funds offered in its 401(k) plan. This suit, filed by Milberg PLLC, is one of several recent federal lawsuits against various companies, including Johns Hopkins Health System and Sig Sauer, making similar claims. The lawsuits allege that the American Century target-date funds consistently underperformed comparable investment options and should have been removed from the 401(k) offerings.

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