July 07, 2022
A Maryland federal judge gave the final stamp of approval to a $7 million settlement between T. Rowe Price and a group of retirees who claimed the company mismanaged their retirement savings, after the judge had asked them to limit the scope of the pact.
June 09, 2022
T. Rowe Price and retirees who claimed the company mismanaged their retirement savings told a Maryland federal judge on Thursday they would adjust a proposed $7 million settlement after the court complained the claims release underlying the pact was too broad.
April 11, 2022
Attorneys for a thousands-strong class of workers who said T. Rowe Price mismanaged their retirement savings asked a federal court to award them $4.2 million in fees and expenses for their work on the case.
January 10, 2022
T. Rowe Price workers urged a Maryland federal judge to approve a $7 million settlement that would end their class action accusing the investment management company of costing workers $123 million by loading its retirement plan with in-house offerings.
July 27, 2021
T. Rowe Price Group has settled an ERISA class action accusing it of enriching itself at its workers' expense by packing the company's 401(k) plan with in-house products, according to paperwork filed in Maryland federal court.
July 06, 2021
A Maryland federal judge has declined T. Rowe Price Group Inc. workers' request for the Fourth Circuit's take on whether ERISA allows financial institutions to hardwire a preference for their own investment products into their 401(k) plans, ruling that the litigation isn't developed enough for appellate review.
February 10, 2021
T. Rowe Price must face most of a suit accusing the investment giant of costing workers millions by offering only in-house mutual funds as 401(k) options, a Maryland federal judge ruled.
August 22, 2018
T. Rowe Price Group Inc. must face a proposed class action alleging it packed its 401(k) plan with proprietary funds to the detriment of the plan's participants after a Maryland federal judge ruled that all of the Employee Retirement Income Security Act claims in the suit were adequately pled.