Tag: 401(k) lawsuits

The $1.3 million settlement pertains to litigation from 2020 and 2024 against the $5 billion retirement plan.

The technology and manufacturing company is the latest accused of misusing forfeited retirement funds to pay for future employer contributions.

A Wagner Law Group attorney says plan sponsors should review their plan documents, as Nordstrom is the latest employer challenged...

Lawsuits against Bank of America, Intuit and Qualcomm alleging improper use of forfeited plan funds are all either under consideration...

Employees had accused the company of overcharging participants for bundled recordkeeper fees and failing to solicit competitive bids for lower-fee...

Workers claiming Home Depot mismanaged their 401(k) plan investments saw the district court decision in Home Depot’s favor affirmed on...

A Pennsylvania federal judge ruled that an expert witness to the plaintiffs was unreliable, dismissing the argument that the plan...

Plaintiffs' attorneys have the potential to use AI to identify and speed case selection.

A former employee alleges that the San Francisco-based company violated its fiduciary duties by using forfeited plan assets to reduce...

Reacting to cases citing the ‘inappropriateness’ of certain investments, many large plan sponsors have eliminated volatile asset classes from their...

In an uncertain regulatory environment, panelists discussed considerations for plan sponsors when evaluating whether to put ESG funds into an...

A federal judge dismissed all counts in the suit brought by a former 401(k) plan participant, but the plaintiff may...

Six former employees lost their lawsuit against the auto parts company, that claimed it allowed 401(k) participants to pay excessive...

The social media company has agreed to pay participants in a class action case who alleged it did not shop...

The rise in lawsuits is prompting more sponsors to turn to lower-cost index funds—and could prevent them from offering lifetime...