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Ronald Tussey, et al v. ABB, et al
Case Number:
16-1127
Court:
Nature of Suit:
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June 17, 2019
Attys Seek $20M For 'Historic' 12-Year 401(k) Fight With ABB
Schlichter Bogard & Denton LLP attorneys have asked a Missouri federal judge to award them $20.8 million in fees and expenses stemming from a $55 million settlement resolving a long-running class action against ABB Inc., which accused the technology company of allowing Fidelity to charge its workers excessive 401(k) plan fees.
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March 28, 2019
ABB Strikes $55M Deal To End Long-Running ERISA Suit
ABB Inc. reached a $55 million deal Thursday to close the book on a 13-year-old class action accusing the technology and power company of using workers' retirement savings to offset its expenses and wrongly diverting those savings from one investment fund to another.