Tag: Participant Lawsuits

A federal judge in Massachusetts has thrown out the remaining claim in a stock drop lawsuit against State Street Corp.

In an Amicus Brief, the U.S. Department of Labor said a court that cleared Home Depot of wrongdoing in a stock drop suit misinterpreted the Employee Retirement Income...

Ex-Lehman Brothers CEO Richard Fuld and other Lehman executives kept their use of Repo 105, a method of financing designed to hide billions of dollars in debt, a...

A federal judge in New Jersey said that a 401(k) participant has no legal right to sue his employer over the company’s deferral limit of 15%.

The trustee charged with liquidating Bernard Madoff's investment firm has brought a $6.4 billion suit against JPMorgan Chase.

A federal judge in Ohio tossed out a stock-drop suit against Fifth Third Bancorp, claiming it committed a fiduciary breach when company stock was included in its profit-sharing...

FirstFed Financial Corp. employees have filed a stock-drop suit alleging the bank kept company stock in its employee-stock ownership plan (ESOP) after it was no longer prudent to...

The widow of a participant in Diebold Inc.'s supplemental executive retirement plan (SERP) did not meet the plan’s definition of “spouse,” so she was not entitled to her...

A settlement of $4.5 million has been preliminarily approved by a federal court in a consolidated class action lawsuit against Diebold, Incorporated.

The U.S. District Court for the Southern District of New York ruled in favor of an employer sued for its use of a year-old stock valuation when making...

Charles Schwab notified counsel for the plaintiffs in a consolidated class action lawsuit relating to the Schwab YieldPlus Fund that it is invoking the termination provisions of the...

Lawyers involved in a stock drop lawsuit against IndyMac Bancorp announced a $7 million settlement.

A federal judge in New York threw out a stock-drop lawsuit against the American Express Company.

A federal judge in Kansas cleared the way for former YRC Worldwide employees to move forward with their stock-drop suit against the trucking company.

A federal judge in Georgia rejected claims SunTrust Banks breached its fiduciary duty by keeping company stock as an investment option in its 401(k) plan after it was...

A federal judge in Illinois ruled that a participant in the Verizon Communications cash balance plan is entitled to attorney’s fees for her long-running legal battle even though...

A federal judge in Missouri reversed his ruling and gave a St. Peters, Missouri-based silicon wafer manufacturer another chance to argue that a stock-drop lawsuit against it should...

A settlement has been preliminarily approved in a consolidated class action lawsuit against National City Corporation.

A federal appellate court has agreed with a lower court judge that an employer was allowed to drop an option allowing participants to move defined contribution plan assets...

A federal judge in Indiana has given final approval to a $7-million settlement of a stock drop class action case against Guidant Corp.