Tag: Participant Lawsuits

The complaint, filed last year, alleged Siemens violated ERISA by using forfeitures “in its own interest,” rather than in the...

According to the complaint, Siemens Energy retained in its plan underperforming investment options, including its proprietary stable value fund that delivered...

The complaint alleges Franklin Templeton violated ERISA by: 1) breaching its fiduciary duties of loyalty and prudence; and 2) failing...

Filing after the Department of Labor’s amicus brief in a similar case, Illinois plaintiffs allege that the grocery company violated...

Two former employees of Nokia North America allege that the company failed to replace poorly performing funds, which cost employees...

In filing an amicus brief to an appeal involving HP Inc., the Department of Labor offered guidance on an issue...

A jury awarded plaintiffs in the case, Khan et al. v. Board of Directors of Pentegra Defined Contribution Plan et...

Originally filed in 2021, the lawsuit alleges the company violated ERISA by retaining target-date funds that were high cost and...

The judge ruled that the defendants had not breached their fiduciary duty by acting in their own interests, following a...

The District of Minnesota ruling, released June 18, closely resembled the dismissal of an ERISA complaint against J.P. Morgan on...

A federal judge dismissed the case with prejudice, meaning a new case could not be filed in the district.

The complaint was originally filed in 2021 and spent three years in litigation before the settlement was reached at the...

Retirement plan participants' complaint alleges years of financial mismanagement and self-dealing in the administration of NRECA’s 401(k) Pension Plan.

A separate lawsuit also alleging misuse of plan forfeitures was filed against the health care company in May, as similar...

In Massachusetts, while a federal judge granted partial summary judgment in favor of Liberty Mutual, an alleged breach of the...

Daniel Aronowitz pledged Thursday to reduce litigation and expand retirement benefits and also to end a “war on ESOPs.”

In a 2019 suit, plan fiduciaries were accused of breaching their duties of prudence by investing some of the retirement...

The investment bank was accused of mismanaging forfeited funds in its 401(k) plan by using them toward reducing employer contributions.

The complaint alleges TIAA breached its fiduciary duties and mismanaged billions of dollars in employee retirement savings by opting for...

The plaintiffs include four current and former employees who intend to represent more than 250,000 plan participants.