isn’t fighting an investor’s request to certify a 17,000-person class in a lawsuit challenging the affiliated investment funds in the company’s 401(k) plan, the parties told a federal judge in Iowa.
The order, issued Wednesday by Judge C. Since you funded the 401k yourself, it has no affect on your eligibility for Social Security disability. The City of Sunrise Firefighters' Pension Fund filed a class action lawsuit against Oracle in August, claiming that the company used threats and extortive tactics to push sales of its cloud products. A class-action lawsuit has been filed against John Hancock Life Insurance Co. (U.S.A.), Boston, alleging it mismanaged its 401(k) plan in violation of ERISA. In addition, it has ordered the bank to reimburse $700 million to consumers who were victims of deceptive marketing, unfair billing practices and deceptive collection practices. The retirement plan lawsuit is Troudt et al. Score one for the little guy, who in this case is Big Oil. Court Grants Class Certification in Oracle 401(k) Excessive Fee Suit However, a federal judge change the class definition for the imprudent investment claims because class representatives were not all invested in the funds challenged. v. Oracle Corp. et al., Case No. Safeway Inc., Pleasanton, Calif., and the record keeper of its 401(k) plan, Empower Retirement, are being accused in a class-action lawsuit by some participants of the plan of charging excessive fees. In a possible sign of things to come, Chevron Corp. convinced a federal judge to dismiss a class action claim over stable value funds that challenged alleged high-fees and unsuitable investment options associated with its 401(k) plan. Today the Consumer Financial Protection Bureau (“CFPB”) announced a $35 million fine for Citibank.
1:16-cv-00175, in the US District Court for the District of Colorado. On May 6, 2019, Judge Catherine C. Eagles of the U.S. District Court for the Middle District of North Carolina entered an order approving a $24 million settlement of a case brought by Schlichter Bogard & Denton on behalf of participants in the BB&T Corporation 401(k) plan..