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Quanta Services Name and Logo

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 more

Employment
Retirement Plans, Investments, ERISA, Employment Violations, Breach of Fiduciary Duty
Wells Fargo Name/Logo

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 more

Employment
Retirement Plans, Prohibited Transactions, Employee Stock Ownership Plan (ESOP), Breach of Fiduciary Duty, 401(k) Plans
Hand Putting Coin in Piggybank Labeled "401(k)"

NCL Corporation 401(k) Plan Breach of Fiduciary Duties Class Action

NCL Corporation, Ltd offers a retirement plan for its employees, the NCLC 401(k) Plan. This class action sues NCL and the plan’s administrator, NCL (Bahamas), Ltd., alleging they have breached their fiduciary duties of loyalty and prudence to the plan, by choosing poorly-performing investments, high-cost share classes, and recordkeeping services that charge excessive fees.  Read more

Employment
Retirement Plans, Excessive Fees, ERISA, Employment Benefits, Breach of Fiduciary Duty
Leonardo Transportation Truck on Road

Leonardo Trucking Driver Status and Lease Agreements Class Action

What makes a trucker an independent contractor rather than an employee? And how should truckers’ lease agreements work? The complaint for this class action brings suit against Leonardo Transportation, Inc., Bella Villa Trucking, Inc., and their owner, Dragan Gjurovski, on behalf of a plaintiff-trucker, making claims under both the Illinois Wage Payment and Collection Act  Read more

Employment
Truth-in-Leasing, Misclassifying Employees as Independent Contractors, Leased Vehicles, Employment Violations, Employment Arrangements
Retirement Couple

Southern Company Pension Plan Outdated Actuarial Calculations Class Action

This class action concerns a lowering of benefits in the Southern Company Pension Plan for married couples to pay for a qualified preretirement survivor annuity (QPSA) provision. The parties sued are the pension plan, Southern Company Services, Inc., and the Benefits Administration Committee, which the complaint alleges violate the Employee Retirement Income Security Act (ERISA)  Read more

Employment
Retirement Plans, Excessive Fees, ERISA, Employment Benefits, charge, Actuarial Assumptions
Hands of Lab Worker in Blue Gloves

Labcorp Retirement Plan Recordkeeping Fees ERISA Class Action

The Employee Retirement Income Security Act (ERISA) imposes the duties of loyalty and prudence on fiduciaries who look after retirement plans. In this case, the complaint alleges that Laboratory Corporation of America Holdings (Labcorp) has breached these duties to the Laboratory Corporation of America Holdings Employees’ Retirement Plan by “caus[ing] the Plan to pay unreasonable  Read more

Employment
Retirement Plans, Excessive Fees, ERISA, Breach of Fiduciary Duty
Cisco Sign with Name and Logo in Front of Building

Cisco Systems 401(k) Poorly-Performing Investment Options Class Action

Defined contribution plans, like 401(k)s, have become the primary way for Americans to save for retirement. They are governed by the Employee Retirement Income Security Act (ERISA). The complaint for this class action alleges that Cisco Systems, Inc., its Board of Trustees, and the Administrative Committee for the Cisco Systems, Inc. 401(k) Plan breached their  Read more

Employment
Retirement Plans, Investment Performance, ERISA, Breach of Fiduciary Duty
Sign at Stanley Black & Decker Headquarters

Stanley Black & Decker Retirement Plan Breach of Fiduciary Duties Class Action

This class action concerns the Stanley Black & Decker Retirement Account Plan, bringing suit under the Employee Retirement Income Security Act (ERISA). The complaint alleges that Stanley Black & Decker, Inc., its Board of Trustees, and the plan’s Administrative Committee breached their fiduciary duties to the plan in causing it to pay excessive recordkeeping fees  Read more

Employment
Retirement Plans, ERISA, Breach of Fiduciary Duty
Citi Logo on Building

Citi Retirement Plan Poorly-Performing BlackRock TDFs ERISA Class Action

Defined contribution plans, such as 401(k) plans, have become the main form of retirement savings in the US. Unfortunately, companies do not have the same incentives to look after these plans as they did with defined benefit plans. The complaint for this class action alleges that Citigroup, Inc., its Board of Trustees, and the Administrative  Read more

Employment
Retirement Plans, ERISA, Employment Benefits, Breach of Fiduciary Duty
Wintrust Name on Large Building

Wintrust Financial Corp. Retirement Plan Imprudent Investments Class Action

The Wintrust Financial Corp. Retirement Savings Plan is a defined-contribution plan. This class action brings suit against Wintrust Financial Corp., its Board of Trustees, and the plan’s Administrative Committee, alleging that these fiduciaries breached their duties to the plan, to make sure that expenses were fair and reasonable and that investment options were prudent and  Read more

Employment
Retirement Plans, Investment Performance, ERISA, Breach of Fiduciary Duty