304, 2013

Litigation Over Excessive Fees on the Rise?

April 3rd, 2013|401(K) Litigation|0 Comments

Recently there has been an increased focus on fees associated with 401(K) plans. Many believe that Tussey et al v ABB will become a landmark case in 401(K) litigation. In March 2012, the court ruled that ABB plan participants would receive $36.9 million in addition […]

1103, 2008

New York Life 401(k) participants get a $14 Million in Self-Dealing Case

March 11th, 2008|401(K) Litigation|Comments Off on New York Life 401(k) participants get a $14 Million in Self-Dealing Case

A claim that New York Life Insurance Co. improperly transferred pension and 401(k) assets into its mutual fund is almost over.
On March 4, Judge Bruce W. Kauffman of the U.S. District Court for the Eastern District of Pennsylvania approved a $14 million settlement between the […]