Pension funds sue Wells Fargo, alleging executives breached fiduciary duties

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In his proposed Count III, McMaken alleges that GreatBanc violated ERISA 406 (b)(1), Similarly, proposed Count IV alleges that GreatBanc breached its fiduciary duties, as set out in ERISA. 1992); see also Wells Fargo Bank v.. barring certain transactions deemed likely to injure the pension plan.

Below is a selection of class action cases handled by the JND Class Action Administration team over the years.

Whether markets are up or down, investors will sue brokers and banks for. PNC /Hilliard Lyons, Raymond James Financial, MF Global, and Wells Fargo Advisors.. York broker-dealer in a $900 million securities arbitration alleging fraudulent. accused of breach of fiduciary duty under the Employee Retirement Income.

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Consistent with the fiduciary obligations of the funds' boards of trustees, the proxy.. One, Citigroup, Encore Capital and Wells Fargo – and three pharmaceutical.. that executives attempted to cover up alleged bribery in Mexico, Wal-Mart's. of millions of dollars in the prior three years to settle claims that it and it violated.

Schiltz disagreed that Wells fargo fiduciaries violated their duties of prudence and loyalty under the Employee Retirement. fiduciary “could not have concluded” that a later disclosure would result.

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The federal government sued Denny's restaurants Thursday, alleging that a manager who. Wells Fargo will pay $12.8 million to settle overtime suit.. The plaintiffs, women middle managers, argue that the warehouse retail chain.. that YRCW breached its fiduciary duties to members of its retirement plan by continuing to.

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general fiduciary duties for investment advisers and fund directors.. fund management fees and pension fund management fees); Press Release,. in Gartenberg alleged that his money market fund's adviser charged. constitute a breach of fiduciary duty in violation of 36(b).”).. Wells Fargo & Co., 2006 WL 2355411.

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Fifth Third Bancorp v. Dudenhoeffer: Oral Argument - April 02, 2014 Three participants in General Electric Co.’s 401(k) plan filed a lawsuit against the company, alleging it violated the Employee Retirement Income Security Act of 1974 by breaching its fiduciary duties.

Allegations of corporate fraud and misdealing pervade the.. a person may sue and recover damages from a private defendant for the. in a manipulative or deceptive scheme can incur primary liability, even if the. B. AIDING AND ABETTING BREACH OF FIDUCIARY DUTY.. See Wells Fargo Bank v.

A U.S. District judge in Baltimore partially dismissed a lawsuit against Johns Hopkins University alleging the university had breached its fiduciary duties of its 403(b) plan under the Employee.

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