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U.S. District Court

Dept. of Labor seal
Regulation
Labor Department grants Citigroup third exemption

Citigroup's latest QPAM will be in effect until January 2027 and stems from a currency price-fixing guilty plea that was accepted in 2017.

Allianz banners
COURTS
Allianz 401(k) plan sued for ERISA violations over proprietary investments

A lawsuit filed against Allianz claims the company didn't follow the $12 million settlement terms of a previous ERISA case.

alliancebernstein bldg 1550-main_i.jpg
COURTS
AllianceBernstein sued for alleged ERISA violations over proprietary investments

The lawsuit by participants in an AllianceBernstein 401(k) plan said fiduciaries should have considered more non-AB investments.

Xerox sign
COURTS
Xerox Corp. to shell out $4.1 million to settle ERISA lawsuit

Denying any wrongdoing, Xerox will pay $4.1 million to settle an ERISA complaint alleging excessive record-keeping fees.

Old Dominion Freight Lines
COURTS
Old Dominion Freight sued by 401(k) participant over investment fees

A participant in a 401(k) plan run by Old Dominion Freight Line Inc. sued the company, alleging violations of ERISA over investment fees.

ERISA image
COURTS
Sprint hit with ERISA suit alleging it used out-of-date mortality tables

A lawsuit filed against Sprint Communications LLC alleges it used out-of-date mortality tables to calculate retirement benefits.

VCA HQ
COURTS
Animal hospitals operator VCA reaches settlement with 401(k) participants

VCA Inc. agreed to settle allegations by 401(k) plan participants that the plan charged "excessive" administrative and investment management fees.

Gavel
COURTS
Judges dismisses ERISA lawsuit against Ricoh USA

A judge dismissed an ERISA complaint against Ricoh USA Inc. by former 401(k) plan participants who claimed the company failed to control costs.

Juniper HQ
COURTS
Juniper Networks to pay $3 million to settle ERISA case

Juniper Networks Inc. will pay $3 million to settle an ERISA lawsuit filed by participants in a company 401(k) plan who alleged high fees.

Takeda building
COURTS
Takeda to pay $22 million to settle suit over 401(k) investment options

Takeda Pharmaceuticals U.S.A. Inc. agreed to pay $22 million to settle a lawsuit alleging that it mismanaged the options in its 401(k) plan.

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October 23, 2023 page one

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  • Topics
    • Alternatives
    • Artificial Intelligence
    • CIOs
    • Consultants
    • Defined Contribution
    • ESG
    • Face to Face
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Partner Content
    • Private Credit
    • Pension Funds
    • Private Equity
    • Real Estate
    • Regulation
    • Special Reports
    • Washington
    • White Papers
  • International
    • U.K.
    • Canada
    • Europe
    • Asia
    • Australia - New Zealand
    • Middle East
    • Latin America
    • Africa
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Influential Women in Institutional Investing 2024
    • Eddy Awards
  • Resource Guides
    • Active Thematic Global Equities
    • Retirement Income
    • Fixed Income
    • Pension Risk Transfer
    • Pooled Employer Plans (PEPs)
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • ESG Investing | Industry Brief
    • Innovation in ESG Investing
    • ESG Rated ETFs
    • Divestment Database
  • Defined Contribution
    • Latest DC News
    • The Plan Sponsor's Guide to Retirement Income
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    • Innovations in DC
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  • Searches & Hires
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    • Searches & Hires Database
    • RFPs
  • Research Center
    • The P&I Research Center
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  • Careers
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