Empower Managed Accounts Breach of Fiduciary Duties Class Action

Participants in retirement plans rely on plan fiduciaries to act in their interests, with loyalty and prudence. The complaint for this class action alleges Empower Retirement, LLC, Advised Assets Group, LLC (AAG), and other associated companies breach those duties to those who invest in Empower Managed Accounts, charging higher fees and concealing that the investmentĀ  Read more

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Fidelity Life Mutual Conversion to Stock Ownership Class Action

When a mutual insurance company is converted to a stock insurance company, the plan may be complicated. The complaint for this class action alleges that when Fidelity Life Association underwent its conversion, the results were not what the mutual members believed would happen. The complaint brings suit against Fidelity Life and its Members Mutual HoldingĀ  Read more

Five Hands Reaching for Five Slices of Pie

Orbital ATK Merger Agreement Proxy Omission of Information Class Action

The board of Orbital ATK, Inc. has entered into a merger agreement to allow Northrop Grumman to buy all outstanding shares of Orbital’s common stock at $134.50 per share. Expected to close in the first half of 2018, the deal, including Orbital’s net debt is valued at about $9.2 billion, but according to the complaintĀ  Read more