February 19, 2019
A class of current and former Franklin Templeton workers asked a California federal judge to greenlight a $13.85 million deal in an Employee Retirement Income Security Act suit claiming the investment firm profited by packing its 401(k) plan with its own products.
December 07, 2018
Franklin Templeton has told a California federal court it has been able to settle an Employee Retirement Income Security Act class action accusing the firm of mismanaging its workers' retirement savings.
November 16, 2018
A California federal judge has granted Franklin Templeton a quick win on one of its arguments that fought a breach of fiduciary duty claim made in an Employee Retirement Income Security Act class action accusing the firm of mismanaging its workers' retirement savings.
August 30, 2018
A class of Franklin Templeton workers urged a California federal judge not to grant the investment firm a quick win on some of their allegations that the company flouted federal benefits law by packing its 401(k) plan with its own products, arguing that the evidence supported their claims.
August 07, 2018
A class of Franklin Templeton workers asked a California federal judge Monday for partial summary judgment in their suit accusing the investment firm of packing its 401(k) plan with its own products, allegedly raking in millions and violating the Employee Retirement Income Security Act's self-dealing ban.
July 06, 2018
A California federal judge has refused to pause a suit accusing Franklin Templeton of mismanaging its workers' retirement savings pending the outcome of an appeal at the Ninth Circuit, saying she didn't rely on the case before the appellate court when granting class certification to the workers.
April 10, 2018
A California federal judge has shot down Franklin Templeton's attempt to scuttle a proposed Employee Retirement Income Security Act class action accusing it of packing workers' 401(k) plan with its own products, saying the asset management company can't use an anti-litigation clause in a severance agreement to snuff out plan participants' claims.
October 05, 2017
A California federal judge refused Wednesday to rethink the certification of a class of Franklin Templeton retirement plan participants alleging the investment management company violated the Employee Retirement Income Security Act by favoring its own funds over cheaper, better-performing outside funds.
July 26, 2017
A California federal judge on Wednesday certified a class of Franklin Templeton retirement plan participants in a suit that claims the investment management company violated the Employee Retirement Income Security Act by favoring its own funds rather than cheaper, better-performing outside funds.