April 14, 2020
A New York federal magistrate judge gave his blessing Tuesday to a nearly $20.9 million settlement to resolve an Employee Retirement Income Security Act suit claiming M&T Bank Corp. stuffed its workers' 401(k) plan with the company's own costly investment products.
March 25, 2019
A group of M&T Bank Corp. workers on Monday asked a New York federal judge to certify as a class action their suit claiming their 401(k) plan was stuffed with the company's own costly investment products, saying there were more than 21,000 plan participants.
September 11, 2018
M&T Bank Corp. must face a pared-down proposed class action accusing it of improperly stuffing its 401(k) plan with its own costly investment products, a New York federal judge ruled Tuesday, trimming certain Employee Retirement Income Security Act claims and a company from the suit but preserving other claims.