But the Minnesota Department of Human Services, Commissioner Emily Johnson Piper, and “a discriminatory residential service system” have kept them from doing so because they have disabilities, says a class action lawsuit filed in the U.S. District Court in Minneapolis on Wednesday. “I’m 43 years old and I want to have the freedom to make my own choices, basic stuff — like what time I go to …
Communications giant Comcast is facing a lawsuit in Missouri. This is a class-action lawsuit, seeking compensation and punitive damages for all Missouri Comcast customers who purchased the protection plan after August of 2011.
Many ERISA 401(k) plan trustees act as intermediaries when participants request a disbursement. If plan assets are invested in funds, some fund shares will be exchanged for cash, and the cash will then “float” as it makes its way from fund to participant. During that process, the float may sit temporarily in a non-plan, non-participant account, and it might earn interest.
New York Life Insurance Co. is the newest member to the ever-growing list of asset managers and retirement plan providers being sued by their employees for fiduciary breach in the company 401(k) plan. Current participants in two New York Life 401(k) plans filed a class-action lawsuit — Andrus et al v. New York Life Insurance Company et al — alleging self-dealing by the firm and other affiliated …
Asset managers that limit employee retirement plan investment choices to proprietary, in-house mutual funds are putting a legal target on their backs, attorneys said. In the context of a rash of lawsuits by employees against financial services companies alleging breach of fiduciary duty in managing 401(k) plans, asset management companies that populate their retirement plans solely with house …
Index funds often benefit from a low-cost halo. They don’t all deserve to bask in that glow. Allegations of excessive index fund fees in retirement plans are at the heart of a new proposed class action lawsuit brought by New York Life Insurance Co. employees against the company.
The U.S. Fish & Wildlife Service has not done the environmental analysis required by law before sponsoring legislation to turn the National Bison Range over to local tribes, according to a federal lawsuit filed today by Public Employees for Environmental Responsibility (PEER). The suit aims to force FWS to ascertain potential impacts before proceeding any further with the first …
ESPN and Verizon have reached a settlement over Verizon’s plan to let customers choose channels for their bundles. ESPN and Verizon have reached a settlement, a little more than a year after the sports media giant filed a lawsuit over a plan that lets customers pick the channels they receive. Terms of the settlement, which was announced by both sides on Tuesday, were not disclosed. …
A Facebook Inc shareholder has filed a proposed class action lawsuit in a bid to stop the company’s plan to issue new Class C stock, calling the move an unfair deal to entrench chief executive Mark Zuckerberg as controlling shareholder. The lawsuit, filed in the Delaware Court of Chancery, comes two days after the social networking company announced its plan to issue the shares. The rejiggering …
A group of people affected by toxic humidifier sterilizers plan to file a class-action lawsuit next month against the manufacturers, distributors and the government. The group of plaintiffs, the Asian Citizen’s Center for Environment and Health, and Lawyers for a Democratic Society or Minbyun held a news conference on Tuesday in southern Seoul to announce the plan. Minbyun lawyers who will …