Tag: Participant Lawsuits

A federal judge in Georgia has cleared Home Depot of wrongdoing in a stock drop lawsuit.

A federal judge in Washington, D.C., has thrown out a lawsuit by a 401(k) participant alleging, among other things, that his former employer failed to make a matching...

Law Offices of Howard G. Smith is investigating potential claims against Transocean Ltd. concerning whether the company’s 401(k) savings plans imprudently invested in Transocean stock.

The trustee of an employee stock ownership plan (ESOP) acted in good faith when it determined the fair market value of company stock, so it did not violate...

There’s a potential settlement in sight for participants in a 401(k) stock drop suit.

Secretary of Labor Hilda L. Solis has once again contended that safe harbor status does not shield fiduciaries from liability for imprudent plan investments.

The Bank of America Corp. (BofA) was under no obligation to provide detailed disclosures about its 401(k) plan hardship withdrawals.

A federal judge has refused a demand from Kraft Foods Global Inc. to order plaintiffs in a 401(k) lawsuit to pay $212,000 the company incurred defending the case.

A federal judge in North Dakota has granted class-action status to plaintiffs in a company stock lawsuit against Tharaldson Motels Inc. (TMI), but split the plaintiffs into current...

A court cleared Baxter International of wrongdoing in connection with a 401(k) stock-drop lawsuit.

Secretary of Labor Hilda L. Solis has warned a federal appellate court that protections for plan participants could be harmed if it does not overturn a lower court...

A federal court has dismissed charges that Unisys Corporation and Fidelity Management Trust Company caused participants in Unisys’ retirement savings plan to pay excessive fees.

Aon Corp. has agreed to pay $1.8 million to settle a lawsuit alleging 401(k) participants lost tens of millions of dollars when Aon’s overvalued company stock price collapsed...

The U.S. District Court for the Western District of Missouri has approved a $925,000 settlement of a lawsuit claiming NovaStar Financial continued to offer company stock in its...

A pair of litigators has teamed up to bring an ERISA class action suit against the Publishing House of the Evangelical Lutheran Church in America.

Charles Schwab Corporation has agreed to pay $200 million to settle federal securities law claims in a civil class-action lawsuit related to the Schwab YieldPlus Fund.

A federal judge in New York has tossed out a stock drop lawsuit against Wyeth Corp., ruling that the company was entitled to a presumption its decision to...

Beverly Enterprises has agreed to settle for $6.25 million claims that it caused its 401(k) plan to incur excessive fees.

A federal judge in Georgia has thrown out claims by 401(k) participants that Beazer Homes USA breached its fiduciary duties by offering company stock as an investment option...

A former Comcast Corp. employee is qualified to serve as a class representative in a stock-drop lawsuit against Comcast Corp., a federal judge in Pennsylvania ruled as he...