Tag: retirement plan lawsuits

Legal Counsel for the Colgate-Palmolive Employee Relations Committee aim to terminate the plan sponsor's participation in a lawsuit alleging the...

The plaintiffs filed an unopposed settlement after “hard-fought” negotiations.

Given the appellate court’s ruling, the district court found no ‘single policy’ affecting all putative class participants from Washington University...

The 2020 retirement lawsuit alleged that the plan committee did not properly monitor recordkeeper and investing fees.

Two participants in the Allianz 401(k) plan allege the asset manager maintained an all-proprietary fund lineup that included expensive, underperforming...

The $4.1 million settlement is pending court approval.

A federal district court bounced two fiduciary breach claims brought by participants against Ricoh USA, saying plaintiffs failed “to plausibly...

An ERISA lawsuit against Mutual of America has alleged that 401(k) plan fiduciaries breached their duties to participants.

A Wisconsin District Court judge was unconvinced by arguments made by the plaintiffs that plan fiduciaries breached their duty to...

The Wells Fargo retirement plan fiduciaries are accused of engaging in prohibited transactions and breaching their fiduciary duty to participants.

The judge has allowed the case to go forward and the ‘plaintiffs should be afforded an opportunity to conduct discovery.’

The plaintiffs had alleged that their employer maintained expensive and low-performing investment options for plan participants.

The defendants are accused of ignoring several red flags, resulting in over $750,000 being stolen from a retirement account.

Class action lawsuit claims firm loaded its 401(k) plan with high-fee, underperforming proprietary funds.

The target of a new Employee Retirement Income Security Act is a plan sponsor with more than 20,000 participants that ‘periodically’ reviewed the plan’s investment options to ensure...

Kentucky mining industry plan fiduciaries face allegations that they failed to remit participant salary deferrals.

The entire retirement account balance of a Colgate-Palmolive retirement plan participant who lives in South Africa was distributed to a...

According to the plaintiffs, the plan’s fiduciaries did not try to reduce the plan’s expenses, resulting in the assessment of...

The detailed ruling comes after Schwab defendants moved to dismiss in part the plaintiff’s second amended complaint.