Oracle Excessive Fee Suit Gets Class Certification
However, a federal judge certified subclasses on the imprudent investment claims because class representatives were not all invested in the...
Tag: retirement plan participant lawsuits
Self-Dealing Suit Filed Against Mutual of Omaha
The complaint alleges fiduciaries of Mutual of Omaha’s 401(k) plan violated their fiduciary duties by selecting numerous investment options because...
Supreme Court Asked to Weigh In on Two Claims Regarding Denial of Benefits
A beneficiary of a deceased pension plan participant has filed both a fiduciary violation claim and a claim for benefits,...
Request to Appeal Class Certification Denied in Franklin Templeton Suit
The firm’s lawyers noted that the plaintiff signed an agreement not to pursue any class action claims, but a Supreme...
Hospital 403(b) Plan Faces Lawsuit Over Investment Share Class Selection
The plaintiffs claim plan fiduciaries repeatedly failed to monitor the share classes of mutual fund investments and to substitute less...
Third Complaint Against NYU 403(b) Plan Adds Adviser as Defendant
Allegations against Cammack LaRhette Advisors contend it gave “flawed advice” to plan fiduciaries regarding investments, which Cammack denies.
University of Chicago 403(b) Suit Gets Claims Added Back
A federal judge had dismissed claims related to one of the university’s plans, but a new complaint, and a new...
Vanderbilt University 403(b) Plan Suit Continues to Next Stage
While some claims were dismissed, others were moved forward.
6th Circuit Rules for Eaton Corp. in ESOP Suit
The appellate court agreed with a lower court that plaintiffs did not meet pleading standards set forth in the Supreme...
Princeton University Lawsuit Stayed While 3rd Circuit Deliberates
On the motion for reconsideration of its previous choice to rule against summary dismissal, the court is quite skeptical. It...
Great-West Wins Suit Over Key Guaranteed Portfolio Fund
A judge ultimately found that Great-West Life & Annuity Insurance Company was not a fiduciary with respect to the fund...
Class Representatives Say J.P. Morgan Lawsuit Settlement Is Not Enough
Last month, J.P. Morgan agreed to pay $75 million to settle litigation accusing it of investing stable value funds in...
Citigroup Proprietary Fund Suit Gets Class Certification
Before certifying a class in the litigation, a federal judge determined that the named plaintiffs need not have invested in...
Wells Fargo 401(k) Participant Files Excessive Fee, Self-Dealing Suit
Throughout the complaint, the plaintiff alleges that the plan’s fiduciaries’ lack of a systematic and unbiased review process caused participants...
NYU Participants File Second Excessive Fee Complaint
In the new complaint, participants attempt to offer more evidence for claims that were dismissed in another pending lawsuit.
SIFMA Urges Court to Affirm Decision in Fidelity Stable Value Fund Suit
The association argues that plaintiffs’ claims rely on hindsight, ask Fidelity to “follow the herd” and imply Fidelity should not...
Nordstrom Faces 401(k) Plan Excessive Fee Suit
The lawsuit suggests Nordstrom should have offered managed accounts or collective investment trusts to participants in its 401(k) plan.
Appellate Court Affirms Top Hat Plan Change in Crediting Rate
The court found nothing in the plan document prevented the board of the Computer Sciences Corporation Deferred Compensation Plan for...
J.P. Morgan Agrees to Settle Stable Value Funds Suit
The firm has agreed to pay $75 million to settle litigation brought by multiple retirement plan participants alleging J.P. Morgan...
Second Lawsuit Filed Against GE for Self-Dealing in 401(k)
The lawsuit accuses General Electric 401(k) plan fiduciaries of violating ERISA by offering and failing to monitor funds in the...