A Wisconsin-based company is suing an investment firm for lost investments totaling nearly three-million dollars.
NeuGen says almost 300 employees lost their investments when MassMutual stopped offering one investment option for all staff. The Madison company says the decision to end the agreement followed the announcement of the layoffs. NeuGen says affected employees lost about 18-percent of their earnings in a day. They say they aren’t looking to make a profit from the lawsuit.
