Cisco Systems 401(k) Poorly-Performing Investment Options Class Action

Defined contribution plans, like 401(k)s, have become the primary way for Americans to save for retirement. They are governed by the Employee Retirement Income Security Act (ERISA). The complaint for this class action alleges that Cisco Systems, Inc., its Board of Trustees, and the Administrative Committee for the Cisco Systems, Inc. 401(k) Plan breached their  Read more

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Wintrust Financial Corp. Retirement Plan Imprudent Investments Class Action

The Wintrust Financial Corp. Retirement Savings Plan is a defined-contribution plan. This class action brings suit against Wintrust Financial Corp., its Board of Trustees, and the plan’s Administrative Committee, alleging that these fiduciaries breached their duties to the plan, to make sure that expenses were fair and reasonable and that investment options were prudent and  Read more

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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

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Schwab DAF Charitable Fund Breach of Fiduciary Duties Class Action

This class action involves the Schwab donor-advised fund (DAF), a charitable entity that is part of the Schwab Charitable Fund. The complaint alleges that Schwab Charitable, the Schwab Board of Directors, and the Schwab Charitable Investment Oversight Committee have breached their fiduciary duties to the Schwab DAF, in violation of common law as well as  Read more

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