Lawsuit Regarding Computer-Generated Advice to 401(k) Participants Revs Up Against Financial Engines

August 11, 2014

In a complaint dated August 8, 2014, plaintiffs commenced a lawsuit in the US District Court for the Eastern District of Texas against Financial Engines, Inc. and Financial Engines Advisors L.L.C. asserting a patent-infringement claim relating to the use of certain computer-based advice strategies used in connection with the investment of accounts under "401(k)" and similar participant-directed retirement plans.

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