Wells Fargo Unlawful Payment of Expenses from Trust Funds Class Action

This case is built on top of another case. Royal Park Investments (RPI) sued Well Fargo in Royal Park Investments SA/NV v. Wells Fargo Bank, N.A., No. 1:14-cv-09764-KPF-SN (S.D.N.Y.), claiming that Wells Fargo had failed to fulfill its duties as a trustee of two of RPI’s trusts, allegedly damaging RPI and the classes’ certificate holders.  Read more

Investments
Using Funds for Impermissible Purposes, Securities Frauds, Breach of Fiduciary Duty

Apollo Global Management Fraudulent “Restructuring” Class Action

This class action alleges that Apollo Global Management, LLC orchestrated a fraudulent “restructuring” of CEVA Investments Limited (CIL), in breach of its fiduciary duty, that extinguished the value of shares held by its CEVA-employee investors for the benefit of Apollo. The employee investor plaintiffs believe that their losses in this restructuring amounted to more than  Read more

Investments
Securities Frauds, Extinguishing of Value of Shares, Breach of Fiduciary Duty

Kraken Liquidated Ether Virtual Currency Class Action

Ether is a virtual currency that may be traded for normal currencies via online exchanges such as Kraken, the defendant in this case. This class action alleges that a systems problem occurred at Kraken, leading to it locking customers out of their accounts and liquidating the Ether holdings in margin accounts. Had Kraken’s systems been  Read more

Investments
Your Money, Forced Sell-Off, Cryptocurrency

KLX Securities Fraud Class Action Lawsuit

This securities fraud class action lawsuit alleges that KLX, Inc. violated the federal securities law by materially misrepresenting the value of its intangible assets and its goodwill associated with the Company's Energy Services Group, along with its policies and the methodology implemented to calculate goodwill, risk and asset impairment, conduct which ultimately caused significant losses  Read more

Investments
Your Money, Stock Losses, Securities Frauds, Inaccurate Financial Statements

Deutsche Bank Fiduciary Breach ERISA Class Action

This class action lawsuit alleges that Deutsche Bank Americas Holding Corp. and other fiduciaries of the Deutsche Bank Matched Savings Plan breached duties imposed by the Employee Retirement Income Security Act (ERISA) by engaging in prohibited transactions and unlawful self-dealing with regard to selecting investments, to the the detriment of the Plan, its participants and  Read more

Investments
Retirement Plans, Retirement Plan Mismanagement, ERISA Violations, Employment Violations, Breach of Fiduciary Duty

Reliance Trust/Insperity ERISA Class Action Lawsuit

This class action lawsuit alleges that Reliance Trust Company, Insperity and related entities breached fiduciary duties owed to participants and beneficiaries of an ERISA-covered 401(k) plan by allowing payment of unreasonable administrative and recordkeeping fees, payment of unreasonable investment management fees, using low-yielding money market funds without considering other options, failing to monitor fiduciaries and  Read more

Investments
Retirement Plans, Retirement Plan Mismanagement, ERISA Violations, Employment Violations, Breach of Fiduciary Duty

CNX, Noble Energy Oil and Gas Royalty Class Action

This class action lawsuit alleges that CNX Gas Company and Noble Energy, Inc. fraudulently entered into lease agreements with the owners of oil and gas mineral rights in West Virginia which provided for flat-fee post production expense deductions from royalty payments owed.  Read more

Investments
Your Money, Royalty Payments, Royalties, Energy Exploration and Production

MetLife ERISA Retirement Plan Fiduciary Breach Class Action

This class action lawsuit alleges that Metropolitan Life Insurance Company ("MetLife") breached its fiduciary duties to ERISA-covered retirement plan clients by failing to disclose key information including the manner in which it sets the internal "crediting rate" used to distribute capital investment income to their accounts.  Read more

Investments
Your Money, Unfair Services, Retirement Plans, Retirement Plan Mismanagement, ERISA Violations, Employment Violations, Breach of Fiduciary Duty, Annuities

Chesapeake Energy Gas Royalty Underpayment Class Action

This class action lawsuit alleges that Chesapeake Energy Corporation intentionally and systematically miscalculated and underpaid natural gas royalties to individual lessors within Pennsylvania.  Read more

Investments
Your Money, Royalty Payments, Royalties, Energy Exploration and Production

Total Petrochemicals Alleged to Breach ERISA Fiduciary Duty

A class action brought against Total Petrochemicals, Inc. alleges that the company breached its fiduciary duties as administrator of its employee 401(k) fund, because the company is requiring employee participants to sell company stock in the fund back to the company at a loss. The lawsuit is brought under the rules of the Employee Retirement  Read more

Investments
Your Money, Unfair Services, Retirement Plans, ERISA Violations, Employment Violations