Breach of Fiduciary Duty
John Hancock 401(k) Plan Management ERISA Class Action
Those who manage retirement plans have a fiduciary duty to plan participants. This means that they must act in the interest of the plan participants and beneficiaries. The complaint for this class action alleges that those managing the John Hancock Life Insurance Company (USA) acted in the interests of the company instead, by inappropriately favoring Read more
Allina Health System Retirement Plan Settlement
Allina Health System is settling a class action about its 403(b) and 401(k) retirement plans brought under the Employee Retirement Income Security Act (ERISA). The complaint alleged that the those in charge of the plans violated their fiduciary duties in connection with the monitoring and selection of the plans’ investment options. Read more
Sutherland Global Services 401(k) Fiduciary Duties ERISA Class Action
The Employee Retirement Income Security Act of 1974 (ERISA) governs a number of benefits provided by larger employers to their employees. In this case, the benefit is the Sutherland Global Services, Inc, 401(k) plan. The complaint alleges that Sutherland Global Services, Clearview Group, and a number of individuals have breached their fiduciary duties to the Read more
Prudential Insurance Retirement Plan Mismanagement Class Action
Many employee retirement plans as governed by the Employee Retirement Income Savings Act of 1974 (ERISA). This class action, about the Prudential Employee Savings Plan, alleges that Prudential Insurance Company of America, the plan’s Administrative Committee, and its Investment Oversight Committee chose investment products for the plan that offered advantages to Prudential and its subsidiaries Read more
United Behavioral Health Guidelines and Rejected Claims Class Action
United Behavioral Health (UBH) “administers mental health and substance use disorder benefits for commercial welfare benefit plans,” says the complaint for this class action. But, according to the complaint, UBH’s guidelines for accepting or rejecting treatment under those plans have been flawed and were rejected in a previous class action. This class action seeks to Read more
Goldman Sachs 401(k) Breach of Fiduciary Duty ERISA Class Action
The Employee Retirement Income Security Act of 1974 (ERISA) governs various types of employment benefits, including retirement plans. The complaint for this class action alleges that the Goldman Sachs Group, Inc. and the Goldman Sachs 401(k) Plan Retirement Committee “have breached their fiduciary duties and engaged in unlawful self-dealing with respect to the plan…” Read more
Memorial Hospital at Gulfport PHI and PII Data Breach Class Action
Yet another data breach has occurred—yet another one involving a medical facility and medical records. This class action brings suit against Memorial Hospital at Gulfport Foundation, Inc. alleging that the hospital (MHG) failed to properly safeguard patients’ personal health information (PHI) and other personally identifiable information (PII). Read more
Anthem 401(k) Plan Settlement
This settlement resolves a class action against ATH Holding Company, LLC, its Board of Directors, and its Pension Committee. The complaint alleged that these parties violated the Employee Retirement Income Security Act (ERISA) in their management, operation, and administration of the Anthem 401(k) Plan. Read more
BBVA Compass 401(k) Plan Investment Options ERISA Class Action
This class action concerns the Compass SmartInvestor 401(k) Plan. The complaint alleges that BBVA Compass Bancshares, Inc., Compass Bancshares, Inc., and BBVA USA Bancshares, Inc.—the companies with responsibility for the plan—did not do their fiduciary duty to the plan, violating the Employee Retirement Security Act (ERISA). Read more
Conestoga Life Settlements Information to Investors Fraud Class Action
“A life settlement is a transaction in which an insured person sells his or her life insurance policy to a third party,” explains the complaint for this class action. Life settlements are at issue in this case for “fraud, conspiracy, aiding and abetting, civil theft, and breach of fiduciary duty,” against defendants Conestoga Settlement Services, Read more