Musicians Pension Settles Lawsuit Over ‘Risky’ Investments
Trustees accused of acting like ‘drunken gamblers’ pay nearly $27 million, deny wrongdoing.
Trustees accused of acting like ‘drunken gamblers’ pay nearly $27 million, deny wrongdoing.
Lawsuit alleges firm used underperforming proprietary mutual funds in plan.
Suit says poorly performing funds were ‘devastating’ to retirement accounts.
Legislation would require church plans to follow ERISA standards.
Workers accused the health system of improperly claiming it was a church plan.
Lawsuit against Intel claims company plans included overly risky investments.
Complaint alleged excessive fees cost 403(b) participants millions.
Complaint alleged oil company’s fiduciaries violated ERISA.
Judge rules that offering employees only proprietary funds does not violate ERISA.
Construction company owes more than $641,000 for leaving multiemployer plan.
The university allegedly violated ERISA with poor investments and unreasonable expenses.
Lawsuit claims firm hurt pension’s investments by pushing homeowners into foreclosure.