Displaying 95 results
Wawa settles ESOP lawsuit for $21.6 million
The agreement is separate from a $25 million settlement reached in a similar suit brought in 2016
CareerBuilder gets win in 401(k) lawsuit, others face new claims
Paychex, Astellas and Aon were recently sued, and the $12.4 million settlement in a Northrop Grumman suit has been held up
401(k) lawsuit costs Fidelity $28.5 million
The settlement resolves a class-action case that alleged the firm breached its fiduciary responsibility to plan participants
401(k) suits target Trader Joe’s, Costco, others
Litigation alleging that plan sponsors breached their fiduciary duty keeps coming
DOL sides with plaintiffs in CalSavers lawsuit
In a letter to a U.S. appeals court, the Department of Labor again argues that the state-sponsored auto IRA is preempted by ERISA
Finra expels broker-dealer, but owner explores an appeal
Sandlapper Securities may have some fight left, says CEO Trevor Gordon
Ugly road for adviser diversity at Morgan Stanley: Lawsuit
Under CEO James Gorman, the wirehouse's diversity effort has moved in reverse, according to complaint
401(k) suit against Neuberger Berman’s plan committee settled for $17M
The investment manager's plan included a poorly performing, high-fee product, the plaintiff alleged
401(k) lawsuits keep piling up
At least four lawsuits involving plans with more than $1 billion have been filed over the past few weeks
Raymond James sues Ohio National for $10 million in VA commission fight
Raymond James is the latest broker to join the tussle over compensation on the insurer's variable annuities
Former plan participants file suit against giant ad agency
The 401(k) plan of Aegis Media Americas is charged with not using less expensive funds
Morgan Stanley hit with $5 million penalty for misleading clients in wrap account program
The SEC charged the wirehouse with not fully disclosing fees for five years
Plaintiff in failed 401(k) suit files new case against ADP
McCaffree Financial, which unsuccessfully sued Principal Life, recently brought an unrelated case against ADP
SEC pulls license from New York broker-dealer
The regulator alleges Portfolio Advisors Alliance used false offering documents
Will B-Ds sidestep disaster by cutting real estate investments?
The economy is largely shut down, making it difficult to determine the value of commercial real estate
SEC charges California adviser with cherry-picking
The regulator alleged that Donald Kellen allocated winning trades to his own account
Another broker sues Ohio National over VA commissions
Somerset Securities recently filed a case against the insurer over its 2018 decision to halt trail commissions on certain variable annuity contracts
Putnam, Emory University settle ERISA lawsuits
The investment firm will pay $12.5 million to put a 2015 case behind it, court records show
Liberty Mutual sued over its 401(k)
The insurance giant allegedly violated ERISA by failing to rein in record keeping costs
Princeton trustees, 403(b) plan participants agree to settle
Charges against the school's retirement plan related to fees echoed similar cases brought against other universities
