Lawsuits

Displaying 1099 results

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Two sponsors settle 401(k) cases, Victoria’s Secret owner sued

A grocery chain is paying $17.5 million in one case, and a pharmaceutical company is shelling out more than $2.5 million in another

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Boeing reprieved in 401(k) stock-drop case

A judge this week dismissed claims the company breached its fiduciary duty to plan participants by failing to disclose safety issues with its 737 Max model

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Amway’s 401(k) at center of lawsuit

The multi-level marketing company's plan had allegedly excessive fees, according to the complaint

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SEC imposes $240,000 penalty on former Apollo senior partner

Mohammed Ali Rashid was found to have falsely described personal expenses

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UBS sued for $500 million by Chinese tycoon over deal gone awry

Wealthy Chinese businessman Guo Wengui steps up his fight over money he lost when the bank called in a margin loan

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Northern Trust target dates called out in two 401(k) lawsuits

The similar cases, against Allstate and Northern Trust, were also brought by the same law firms

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Auto-IRA states, AARP blast CalSavers lawsuit claims

Oregon, Illinois and others are backing California in a legal attack on the state's auto-IRA system, while the Trump administration has taken the opposite side

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Former Wells Fargo manager alleges age, race, disability bias

A 65-year-old Black executive in the bank's wealth and investment management arm filed a complaint after losing his job while on medical leave for cancer

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Fiduciary insurance costs soar amid new 401(k) litigation

It is arguably a scary time to be a retirement plan sponsor, and many might forgo liability coverage

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Nestle sued over its 401(k)

A class-action lawsuit alleges excessive record-keeping and managed account fees