Request Legal Help Now - Free
LAWSUITS NEWS & LEGAL INFORMATION
Home Page >> Legal News Articles >> Financial

Legal News Articles - Financial

Employee 401(k) Lawsuit Claims GE Inflated Stock Value

Employee 401(k) Lawsuit Claims GE Inflated Stock Value January 15, 2019. By Anne Wallace.
Albany, NY On December 14, 2018, Adele Vargas filed a class action ERISA lawsuit against General Electric Company (“GE”) and Jeffrey Immelt, its former CEO. She alleges that GE improperly manipulated its earnings and inflated its stock price.
Read [ Employee 401(k) Lawsuit Claims GE Inflated Stock Value ]

Trustmark National Bank Latest Defendant in Excessive Overdraft Fees Lawsuit

Trustmark National Bank Latest Defendant in Excessive Overdraft Fees Lawsuit December 21, 2018. By Anne Wallace.
Jackson, MS In the waning days of December 2018, Cryesha McDonald and Chantal Lewis filed an excessive overdraft fees lawsuit in the U.S. District Court for the Southern District of Mississippi. The lawsuit alleges that Trustmark National Bank assessed overdraft fees in violation of its contractual agreements with customers. Like similar lawsuits brought throughout the country, McDonald v. Trustmark National Bank claims that the bank charges fees on transactions that do not actually overdraft the account. Attorneys for the plaintiffs seek class action status for the lawsuit.
Read [ Trustmark National Bank Latest Defendant in Excessive Overdraft Fees Lawsuit ]

SEI Investments Company Accused of Self-Dealing in 401(k) Mismanagement Lawsuit

SEI Investments Company Accused of Self-Dealing in 401(k) Mismanagement Lawsuit December 12, 2018. By Anne Wallace.
Philadelphia, PA On September 28, 2018, Gordon Stevens filed a class action ERISA lawsuit claiming that his employer, SEI Investments Company, forced him and other SEI 401(k) plan participants into retirement investments that made money for the company, regardless of the employees’ own best interests.
Read [ SEI Investments Company Accused of Self-Dealing in 401(k) Mismanagement Lawsuit ]

Excessive Overdraft Fees Lawsuit against DFCU Survives Motion to Dismiss

Excessive Overdraft Fees Lawsuit against DFCU Survives Motion to Dismiss November 23, 2018. By Anne Wallace.
Boston, MA Brandi Salls’ excessive overdraft fees lawsuit against Digital Federal Credit Union (DFCU) has survived the credit union’s Motion to Dismiss. This is good news, but it was a near thing, at least with respect to some of the counts. Claimants in similar credit union lawsuits should take away five important lessons.
Read [ Excessive Overdraft Fees Lawsuit against DFCU Survives Motion to Dismiss ]

Hacks, Embezzlements, and 401(k) Mismanagement – What You Can Do to Protect Your Retirement Nest Egg

Hacks, Embezzlements, and 401(k) Mismanagement – What You Can Do to Protect Your Retirement Nest Egg November 17, 2018. By Anne Wallace.
Washington, DC When asked why he robbed banks, Willie Sutton reportedly replied, “Because that’s where the money is.” Now, however, roughly $5 trillion, or a fifth of all U.S. retirement assets, sit in 401(k) accounts. Today’s Willie Suttons are there, too, as recent ERISA lawsuits and criminal prosecutions confirm.
Read [ Hacks, Embezzlements, and 401(k) Mismanagement – What You Can Do to Protect Your Retirement Nest Egg ]

Fidelity Faces Self-Dealing Lawsuit over 401(k) Plan Mismanagement

Fidelity Faces Self-Dealing Lawsuit over 401(k) Plan Mismanagement October 18, 2018. By Anne Wallace.
Boston, MA On October 10, 2018, participants in the Fidelity Retirement Savings Plan filed a class action ERISA pension plan lawsuit against the Plan’s fiduciaries. The Complaint alleges that the Plan fiduciaries breached their duties under ERISA, thus harming the Plan and its participants and beneficiaries.
Read [ Fidelity Faces Self-Dealing Lawsuit over 401(k) Plan Mismanagement ]

401(k) Lawsuit Continues against Franklin Templeton

401(k) Lawsuit Continues against Franklin Templeton October 15, 2018. By Anne Wallace.
San Francisco, CA An ERISA pension plan lawsuit has survived numerous procedural challenges and will proceed as a class action against investment manager Franklin Templeton. Fernandez v. Franklin Resources Inc. claims that the fiduciaries in charge of managing the Franklin Templeton 401(k) Plan breached their duty to plan participants by causing the Plan to invest in funds offered and managed by Franklin Templeton, when better-performing and lower-cost funds choices were available. The motive was to benefit Franklin Templeton’s investment management business.
Read [ 401(k) Lawsuit Continues against Franklin Templeton ]

Digital Federal Credit Union Snared in Excessive Overdraft Fees Lawsuit

Digital Federal Credit Union Snared in Excessive Overdraft Fees Lawsuit October 3, 2018. By Anne Wallace.
Boston, MAThe allegations in the latest excessive overdraft fees lawsuit against Digital Federal Credit Union (DFCU) may seem familiar by now. It is about two different ways of calculating an account balance – one which the consumer saw, and the other, lower number, which DFCU kept much closer to the vest. Similar lawsuits have been filed against Landmark Credit Union, Summit Credit Union, Pentagon Federal Credit Union and Boeing Employees Credit Union.
Read [ Digital Federal Credit Union Snared in Excessive Overdraft Fees Lawsuit ]

CFPB Moves to Protect Students from Overdraft Fees

CFPB Moves to Protect Students from Overdraft Fees August 28, 2018. By Anne Wallace.
Washington, DC On July 20, 2018, the Bureau of Consumer Financial Protection (CFPB) offered to settle its claim that TCF National Bank engaged in deceptive practices to market its overdraft protection services. In its bank overdraft fees lawsuit the CFPB alleged that these practices affected students at the University of Minnesota, with which TCF has a beneficial financial relationship. As their bright young things head off to college, should parents be concerned? Students and other inexperienced and lower income banking customers are particularly vulnerable to excessive overdraft fee schemes.
Read [ CFPB Moves to Protect Students from Overdraft Fees ]

Ninth Circuit Says Pension Plan Participants Cannot be Forced to Arbitrate

Ninth Circuit Says Pension Plan Participants Cannot be Forced to Arbitrate August 9, 2018. By Anne Wallace.
San Francisco, CA On July 24, 2018, the Ninth Circuit held that the plaintiffs in a pension plan lawsuit could continue their legal fight as a class action, rather than having to arbitrate individually.Munro v. University of Southern California is a major victory for ERISA plan participants who were required to sign individual arbitration agreements as a condition of employment. The Court likened these ERISA lawsuits to whistle blower lawsuits–essentially viewing the plaintiffs as public prosecutors acting in defense of the pension plan itself. This is a very broad argument that may ultimately have wider legal implications.
Read [ Ninth Circuit Says Pension Plan Participants Cannot be Forced to Arbitrate ]

Page: 1  2  3  4  5  6  7  8  9  -  10»  -  23   Next»
Request Legal Help Now! - Free