The lobbying group also says a surge in litigation could have ‘significant negative consequences for plan participants.’
With the cease-and-desist order, attorneys might take aim at the publisher over alleged misleading statements.
The union says its pension fund’s mandatory vaccine policy violates collective bargaining agreements.
The complaint alleged the insurance giant saddled its plan portfolio with proprietary duds.
Legal action could influence whether the European Commission approves the $30 billion acquisition.
The plaintiffs claim switching from State Street has cost participants $100 million in losses.