Breach of Fiduciary Duty
Nova Southeastern University 401(k) Breach of Fiduciary Duties Class Action
Did Nova Southeastern University, Inc. breach its fiduciary duties in its management of the University’s 401(k) plan for its faculty and staff? The complaint alleges that the university chose investments with poor performance and high-cost share classes, and paid excessive fees for recordkeeping and administration. Read more
Boston College Retirement Plans High Costs, Low Returns ERISA Class Action
Boston College has two retirement plans, the Boston College 401(k) Retirement Plan I and the Boston College 401(k) Retirement Plan II. The complaint for this class action alleges that those responsible for the plans—the Trustees of Boston College and the Plan Investment Committee—have breach their fiduciary duties and mismanaged the plans in a way that Read more
Wells Fargo Challenged Funds in Retirement Plan Settlement
Wells Fargo & Company, Wells Fargo Bank, NA and their Employee Benefit Review Committee are paying more than $32 million to resolve a class action about its retirement plan under the Employee Retirement Income Security Act of 1974 (ERISA), alleging the defendants breached their fiduciary duties and engaged in prohibited transactions in connection with the Read more
Linear Technology Retirement Plan Settlement
Analog Devices, Inc. is settling a class action as the successor to Linear Technology Corporation, Linear Technology, LLC, and Linear Technology Administrative Committee, about the former Linear Technology 401(k) Plan. The complaint alleged the defendants violated the Employee Retirement Income Security Act (ERISA) and their own duties as plan fiduciaries, by not managing the plan Read more
WBBQ Employee Stock Ownership Plan Prohibited Transactions ERISA Class Action
This class action concerns a company retirement plan, the WBBQ Employee Stock Ownership Plan (ESOP) that owns stock in W BBQ Holdings, Inc. The complaint alleges that the ESOP trustee, Argent Trust Company, and the company’s controlling managers and shareholders, Herbert, Gregor, and Stuart Wetanson, have violated ERISA by engaging in prohibited transactions and breaching Read more
Costco Retirement Plan Fee Settlement
Costco Wholesale Corporation, the Costco Wholesale Corporation Board of Directors, and the Costco Benefits Committee are settling a class action brought under the Employee Retirement Income Security Act of 1974 (ERISA) about the management, operation, and administration of the Costco 401(k) Retirement Plan. The complaint alleged that Costco allowed the plan to incur higher administrative Read more
Packaging Corporation of America 401(k) Plan Fiduciary Duty ERISA Class Action
This class action concerns the Packaging Corporation of America Retirement Savings Plan for Salaried Employees. The complaint names the company (PCA), its Board of Directors, and its Benefits Administration Committee as defendants, alleging that they violated the Employee Retirement Income Security Act (ERISA) by letting the plan pay high recordkeeping and administrative fees, and by Read more
Molina Retirement Plan Expenses and Performance Class Action
This class action sues Molina Healthcare, Inc., claiming it did not fulfill its fiduciary duties to the Molina Salary Savings Plan, its company retirement plan, which is governed by the Employee Retirement Income Security Act (ERISA). The complaint claims that the plan offered untested target date funds as investment options and that Molina did not Read more
Dartmouth-Hitchcock Retirement Plans Breach of Fiduciary Duty Class Action
The Dartmouth-Hitchcock Retirement Plan and the Dartmouth-Hitchcock Employee Investment Plan are governed by the Employee Retirement Income Security Act (ERISA). This class action brings suit for those it says owe fiduciary duties to these plans, including Dartmouth-Hitchcock Clinic, its Board of Trustees, its Administrative Investment Oversight Committee, and the members of the Board and Committee Read more
L3Harris Retirement Plan Breach of Fiduciary Duties ERISA Class Action
The fiduciary duties of loyalty and prudence have been called “the highest known to the law.” This class action brings suit for breach of these duties against L3Harris Technologies, Inc., its Board of Directors, the Investment Committee of L3Harris Technologies, and the committee’s members. The complaint alleges that these defendants did not monitor the costs Read more
