Employment
Nemours Foundation Retirement Plan Breach of Duty of Prudence Class Action
The Nemours Foundation offers its employees a retirement plan, the Nemours Foundation Section 403(B) plan. The complaint for this class action alleges that Nemours has breached its fiduciary duty of prudence, by causing the plan to pay excessive administrative fees and by not choosing the investment share classes that have the lowest expenses. According to Read moreEmployment
LHC Group 401(k) Plan Breach of Fiduciary Duties Class Action
This class action, against LHC Group, Inc., the LHC Group 401(k) Committee, and a group of individuals, alleges that these defendants mismanaged the company’s LHC Group 401(k) Plan. The complaint claims they paid excessive fees for services, chose more expensive share classes than they needed to, and maintained underperforming investment options in the plan when Read moreEmployment
Old Dominion Retirement Plan Breach of Fiduciary Duty Class Action
Old Dominion Freight Line, Inc. has a retirement plan for its employees, the Old Dominion 401(k) Retirement Plan, which is governed by the Employee Retirement Income Security Act (ERISA). The complaint for this class action alleges that Old Dominion has breached its fiduciary duties of prudence and loyalty under ERISA by choosing high-priced investment options Read moreEmployment
Baystate Health Retirement Plan Recordkeeping Fees Class Action
Those responsible for retirement plans have a duty to exercise the “care, skill, prudence, and diligence” of a prudent person in their plan management. The complaint for this class action brings suit against Baystate Health, Inc. and the its Board of Directors, alleging they did not fulfill their fiduciary duty to the Baystate Health, Inc. Read moreEmployment
Sprint Calculation of JSA Annuity Benefits Class Action
Sprint Communications, LLC sponsors a retirement plan for its employees that offers a single life annuity (SLA) or joint and survivor annuity (JSA). This class action brings suit against Sprint, its Employee Benefits Committee, and the committee’s individual members, alleging that the JSA benefits are not actuarially equivalent to the SLA benefits, as required by Read moreEmployment
Allegiant 401(k) Plan Breach of Fiduciary Duty Class Action
The Employee Retirement Income Security Act (ERISA) imposes fiduciary duties on companies and others responsible for employee retirement plans. This class action brings suit against Allegiant Travel Company, claiming it breached its fiduciary duties of loyalty and prudence to the Allegiant 401(k) Retirement Plan. Read moreEmployment
General Mills 401(k) Plan Breach of Fiduciary Duty Class Action
The complaint for this class action alleges that the those responsible for the General Mills 401(k) Plan—its fiduciaries—did not fulfill the duties they owed the plan in that role. Claiming they spent too much on recordkeeping and administrative (RKA) fees and engaged in self-dealing, it brings suit against General Mills, Inc., its board of directors, Read moreEmployment
North Highland ESOP Retirement Plan Breach of Fiduciary Duty Class Action
Retirement plans, like the North Highland Company Employee Stock Ownership and 401(k) Plan, rely on fiduciaries to take action to benefit them. But this class action alleges this plan’s fiduciaries undermined the plan in a number of ways, including using prohibited transactions, exceeding caps on executive pay, taking back corporate control, and improperly seizing the Read moreEmployment
Quanta Services Retirement Plan Breach of Fiduciary Duties ERISA Class Action
People who invest in their employer’s retirement plan must rely on the plan’s fiduciaries to make prudent and loyal choices of investments. This class action concerns the Quanta Services, Inc. 401(k) Savings Plan, bringing suit against Quanta Services, Inc., its Board of Trustees, and the savings plan’s administrative committee, alleging these defendants breached their fiduciary Read moreEmployment
Wells Fargo 401(k) Plan “Self-Dealing” Stock Purchase Class Action
This class action concerns a purchase of stock for the employee stock ownership plan (ESOP) portion of the Wells Fargo & Company 401(k) Plan. The complaint alleges that the terms of the deal amount to self-dealing by the company and a breach of fiduciary duty, both in the price of the shares and the terms Read moreEmployment