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Krueger et al v. Ameriprise Financial, Inc. et al
Case Number:
0:11-cv-02781
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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July 08, 2014
Ameriprise Hit With Sanctions In $20M 401(k) Plan Suit
A Minnesota federal judge on Tuesday ordered Ameriprise Financial Inc. to divulge full notes from a top executive, partially siding with class action plaintiffs alleging the company violated discovery orders to conceal evidence that Ameriprise favored underperforming funds in its 401(k) plan.
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March 20, 2014
Ameriprise Gets Suit Over $20M In 401(k) Losses Trimmed
A Minnesota federal judge on Thursday trimmed a lawsuit brought by a group of Ameriprise Financial Inc. employees who say the company invested their retirement money in dud funds that benefited their managers while losing $20 million, finding that the statute of limitations had run out on some of the claims.
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November 21, 2012
Ameriprise Can't Escape Suit Over $20M In 401(K) Losses
Ameriprise Financial Inc. failed Tuesday to shake class allegations it channeled employee benefits investments to poorly-performing funds that lost more than $20 million while generating profits for Ameriprise itself, after a Minnesota federal judge found that plan participants had properly stated their case.
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September 28, 2011
Ameriprise Sued Over $20M Loss In 401(K) Investments
Members of Ameriprise Financial Inc.'s 401(k) plan filed a proposed class action in Minnesota on Wednesday claiming they lost $20 million in investments because the financial services company favored its own underperforming subsidiary funds over investment plans with better performance records.