American Airlines 401(k) Investments Settlement

American Airlines is settling a class action with a $22,000,000 settlement fund for over 100,000 current and former members of its 401(k) plan. The complaint alleged that the defendants violated ERISA provisions by offering American Beacon Funds in the plan and excluding other, more prudent funds not associated with American Airlines or American Beacon, and  Read more

GE Retirement Plan Underperforming Funds and Breach of Fiduciary Duty ERISA Class Action

Federal law requires that most company retirement plans be managed for the sole benefits of those enrolled in the plans. But the complaint for this class action alleges that General Electric and associated entities violated the Employee Retirement Income Security Act (ERISA) with its Retirement Savings Plan by favoring underperforming GE-related funds as investments and  Read more