Tag: retirement plan litigation

The settlement is a victory for the increasingly well-known law firm Capozzi Adler, which has filed numerous ERISA excessive fee lawsuits in the past several years.

In the years since the Supreme Court handed a decision establishing strict standards for proving standing, very few stock drop cases have made it past the motion to...

Plaintiffs claim that as a jumbo plan, Amway had substantial bargaining power regarding investment fees and expenses.

The participants claim they were mislead and intimidated to sell their shares back to the company at a price significantly lower than fair market value.

The lead plaintiff in the suit says her employer, a large financial services company, has inappropriately prioritized its own investments within a profit sharing retirement plan offered to...

The defendants argued that they lacked standing to recover losses for investments in which they did not invest.

A former participant in the Allstate 401(k) plan accuses plan fiduciaries of keeping poorly performing target-date funds on the investment menu and as the plan's default investment.

The Employees’ Retirement System of the City of Milwaukee says the investment managers' failure to follow the promised investment strategy of the funds resulted in massive losses.

Admitting no wrongdoing, Reliance Trust will pay $39.8 million to settle the case.

The lawsuit contends that, in most cases, the managed account service added no material value to participants, creating asset allocations 'not materially different than' those of the age...

The plaintiffs in the case claimed the company implemented a corporate restructuring in a way to avoid pension plan obligations.

The lawsuit against Principal Global Investors and related entities was abandoned.

The Supreme Court has denied review of the lawsuit accusing Principal Life Insurance Co. of violating ERISA by setting the crediting rate for a guaranteed investment contract such...

A district court in California has proven to be skeptical of claims suggesting that active management funds are categorically imprudent retirement plan investments; the ruling also defends the...

The high court has been asked to weigh in on whether allegations that investment fees charged were excessive compared to other investments is sufficient to state a claim...

A federal judge found Abbott defendants were not fiduciaries with regard to the alleged acts, but claims against Abbott's retirement plan recordkeeper were allowed to stand.

The proposed class action lawsuit against TriNet HR follows the same template as numerous others filed by the law firm Capozzi Adler.

The lawsuit suggests the plan sponsor has failed to consider the use of collective investment trusts and attempts to paint this and other actions as fiduciary breaches.

A federal judge said attorneys ignored red flags about their expert witness and that they 'manufactured' the case.