Tag: Lawsuit

Newsmakers September 16, 2022

Janus Henderson Sued for Allegedly Favoring Its Own Funds in 401(k) Plan

Class action lawsuit claims firm loaded its retirement plan with high-fee, underperforming proprietary funds.

Newsmakers July 12, 2022

Lawsuit claims retail giant’s infrastructure investment was a ‘massive, self-imposed, undue drain’ on its finances.

Regulation June 1, 2022

Lawsuit seeks to restore lost benefits for more than 1,100 former St. Clare’s Hospital workers.

Regulation May 27, 2022

Judge rules that voting for pension board members is not considered a 'benefit' under the state’s constitution.

Newsmakers February 18, 2022

The pension made the move after a racial discrimination lawsuit led to a $130 million verdict in punitive damages.

Newsmakers February 14, 2022

A circuit court has denied the New York multiemployer pension’s attempt to recover withdrawal liabilities from the bankrupt firm’s new owner.

Newsmakers February 8, 2022

The plan is increasing contributions while cutting benefits despite significant investment returns last year.

Newsmakers January 31, 2022

The plaintiffs claim the firm’s 401(k) lost as much as $85 million due to imprudent investment decisions.

Newsmakers December 10, 2021

The fund had accused the businessman of insider trading.

Risk December 3, 2021

The lawsuit claims the fitness company and its executives lied about the prospects of post-COVID growth.

Newsmakers November 19, 2021

The lawsuit alleges misleading statements ‘erased more than $100 billion in shareholder value.'

Asset Allocation November 9, 2021

The fund, which just received a settlement as a result of the litigation, currently has $216 million invested in the aerospace company.

Corporate Moves October 15, 2021

Missouri’s new CIO is still fighting a nearly four-year-old lawsuit in Kentucky over investments that appear to have performed as intended.

Asset Management Culture September 29, 2021

Social media explodes as a lawsuit charges he colluded with the brokerage to thwart meme investors.

Asset Allocation September 22, 2021

The social media company was accused of concealing from investors its stagnant user growth and declining user engagement.