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Charlotte-Mecklenburg Pledge Fund Deductions Settlement

The City of Charlotte, North Carolina is settling a class action about a Pledge Fund it established for Police Department employees, for which it deducted $5 from weekly paychecks. The complaint alleged that the police employees believed it would be a good benefit for them and that the North Carolina General Assembly had authorized the  Read more

Charlotte, North Carolina

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 more

Rising Bar Graph on Chalkboard Titled "Retirement Plan"

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 more

LHC Group Building

Coriant 401(k) Plan Breach of Fiduciary Duty Settlement

This settlement resolves a class action against Infinera Optical Networks, Inc., formerly known as Coriant Operations, Inc., on behalf of the Coriant 401(k) Plan. The complaint alleged that the company breached its fiduciary duties to the participants in the plan and engaged in prohibited transactions, in violation of the Employee Retirement Income Security Act (ERISA),  Read more

Infinera Infinity Logo

L Brands 401(k) Breach of Fiduciary Duty ERISA Settlement

This settlement resolves a class action against certain L Brands entities (L Brands, Inc., L Brands Service Company, LLC, and the Retirement Plan Committee of the L Brands, Inc. 401(k) Savings and Retirement Plan) alleging they breached their fiduciary duties to the 401(k) plan under the Employee Retirement Income Security Act of 1974 (ERISA). The  Read more

Hand Putting Coin in Piggybank Labeled "401(k)"

Anthem, Empire Union Health Funds Hiding Claims Data, Says ERISA Class Action

The Employee Retirement Income Security Act (ERISA) also governs some health plans provided to employees or union members. In this case, two union self-funded health funds have sued Elevance, Inc., Anthem Health Plans, Inc., Anthem Blue Cross, Empire Blue Cross Blue Shield, and Empire Blue Cross (collectively called “Anthem” in the complaint), alleging that the  Read more

Building for Elevance or Anthem

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 more

Old Dominion Freight Line Truck on Road

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 more

Baystate Medical Center

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 more

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 more

General Mills Products