March 12, 2018
SunTrust Banks Inc. workers asked a Georgia federal judge on Friday to preliminarily approve a $4.75 million Employee Retirement Income Security Act settlement of class claims that the company improperly handled their retirement funds, acknowledging the litigation risks after the U.S. Supreme Court's Amgen decision.
October 07, 2016
Several executives along with the former general counsel of SunTrust Bank have escaped an employee class action accusing the bank of improperly handling their retirement funds, with a Georgia federal judge agreeing none of the executives acted as bank fiduciaries.
August 17, 2016
A Georgia federal judge on Wednesday certified a class of SunTrust Banks Inc. employees accusing the bank of improperly handling their retirement funds under the Employee Retirement Income Security Act, saying that a tweaked class definition addressed SunTrust's argument that the alleged conduct harmed some participants but helped others.
March 05, 2013
The Eleventh Circuit on Tuesday reversed a Georgia federal court's 2010 split decision in a class action accusing SunTrust Banks Inc. retirement plan fiduciaries of breaching their duties, saying a recent ruling over disclosure and prudence claims in another case warrants remanding the SunTrust one.