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Company: Land O'Lakes, Inc.
Current Parent Company:
Land O'Lakes
Parent at the Time of the Penalty Announcement:
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Penalty: $1,800,000
Year: 2022
Date: November 10, 2022
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Land O'Lakes agreed to pay $1.8 million to settle litigation alleging it filled its retirement plan with poorly performing investments.
Level of Government: federal
Action Type: private litigation
Court: District of Minnesota
Civil or Criminal Case: civil
Case ID: 0:20cv1253
Case Name: Parmer et al v. Land O'Lakes, Inc. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Minnesota
Ownership Structure of Current Parent: cooperative
Major Industry of Current Parent: food products
Specific Industry of Current Parent: food products
Source of Data:
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Link to Archived Court Document:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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