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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

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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

Brushing Barbeque Sauce on Ribs

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

Costco Store

UPS Retirement Plan JSA Payment Calculation Class Action

This class action against United Parcel Service of American, Inc. (UPS) concerns its UPS Retirement Plan and UPS Pension Plan and the calculation of benefits. The complaint alleges that joint and survivor (JSA) benefits are not actuarially equivalent to single life annuities (SLAs), as required by the Employee Retirement Income Security Act (ERISA). It brings  Read more

Retirement Couple

Russelectric ESOP Shares Sold at Less Than Fair Market Value ERISA Class Action

Towards the end of his life, the founder of Russelectric, Inc., Raymond Russell, gave 30% of his company stock to its employees as a retirement benefit, through the Russelectric Inc. Employee Stock Ownership Plan (ESOP). However, the complaint alleges, after Russell died, “the company, at the direction and for the benefit of the founder’s heirs,  Read more

Russelectric Electrical Equipment

JPMorgan Chase Retirement Plan “Wear Away” of Benefits Class Action

How would you feel if you discovered that for the last fifteen of your thirty-plus years with a company, you had not accrued any retirement benefits? This class action brings suit against the JPMorgan Chase US Benefits Executive, the Board of Directors of JPMorgan Chase Bank, JP Morgan Chase & Company, and the JPMorgan Chase  Read more

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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

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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

Molina Healthcare Name and Tree Drawing

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

Dartmouth-Hitchcock Medical Cennter

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

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