Suntrust 401k class action lawsuit
WebSep 15, 2024 · Goldman Sachs Group Inc. scored an apparent legal victory when a Manhattan federal judge issued a restricted opinion granting the company’s motion for judgment in a lawsuit challenging the in-house funds in its $7.5 billion 401(k) plan. The opinion, issued Wednesday by Judge Edgardo Ramos of the US District Court for the … WebApr 16, 2024 · This lawsuit, brought on behalf of beneficiaries of the SunTrust Banks, Inc. 401K plan, alleged that including SunTrust Common Stock in the plan was an imprudent investment during the class period because of, among other reasons, the Company’s credit exposure with respect to both residential and commercial lending and related …
Suntrust 401k class action lawsuit
Did you know?
WebJul 13, 2024 · Deal covers about 17,000 people BlackRock Institutional Trust Co. got early approval from a California federal judge for a $9.65 million class settlement in a lawsuit challenging the in-house funds in its employees’ 401 (k) plan. WebAug 22, 2016 · Participants in SunTrust Bank’s 401 (k) plan got the okay to proceed as a class with their claims that the bank breached its ERISA fiduciary duties. Bloomberg …
WebApr 7, 2024 · The 401k plan that is involved in the lawsuit was created by Sears employees in 2011. The employees claim that the company’s fiduciaries continued to hold the company’s stock after it was notified of the loss. This caused the 401k fund to lose $12.9 million in 2015 and $4.5 million in 2014. WebMar 16, 2024 · SunTrust Banks Inc. has agreed to pay $29 million to settle complaints by participants in a company 401 (k) plan that plan fiduciaries violated their duties under …
WebThis website has been established to provide information regarding the Proposed Settlement of the Class Action Lawsuit titled In re SunTrust Banks, Inc. 401(k) Plan Affiliated Funds ERISA Litigation, Civil Action Number 1:11-CV-784-ODE, brought in the … WebMar 6, 2009 · If you have suffered from Suntrust Banks 401 (k) plan losses, you may qualify for damages or remedies that may be awarded in a possible Suntrust Banks ERISA class …
WebAug 12, 2011 · Though the company failed to mention the civil enforcement action in its 10-Q1 and 10-Q2 reports this year, SunTrust’s defense against a $14.3 million suit involving a subsidiary of LandAmerica ...
WebThe class action lawsuit claimed the SunTrust Bank 401 (k) plan involved a considerable amount of inside trading. Plaintiffs in the class action lawsuit alleged SunTrust Bank … dr cheek radiation oncologyWebSunTrust Banks has agreed to settle a long-running Employee Retirement Income Security Act (ERISA) lawsuit for $4.75 million. According to the settlement agreement, the … dr cheema fort smith arWebSunTrust Banks Inc. has agreed to pay $29 million to settle an ERISA class action accusing the company of profiting at its workers' expense by letting them sink their 401(k) … dr cheeley chiropractorWebJun 2, 2024 · SunTrust, Deutsche Bank signed similar settlements John Hancock Life Insurance Co. will pay $14 million to settle a 9,800-person class action challenging the affiliated mutual funds in the 401 (k) plan covering its employees, federal court papers filed in Boston show. end of parent\u0027s lives conflict in familieisWebJul 2, 2024 · Fidelity Investments is settling a lawsuit involving its own 401 (k) plan for $28.5 million, according to court records filed Thursday. The settlement resolves a class-action … dr cheema zephyrhills flWebLaw360 (March 12, 2024, 12:22 PM EDT) -- SunTrust Banks Inc. has agreed to pay $29 million to settle an ERISA class action accusing the company of profiting at its workers' expense by letting them ... dr cheema neurosurgery okcWebJan 31, 2024 · SunTrust Banks Inc. has reached a settlement with about 30,000 current and former employees who challenged the bank-affiliated funds in their 401 (k) plan, the … dr cheema urology zephyrhills