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Velazquez v. Massachusetts Financial Services Company et al
Case Number:
1:17-cv-11249
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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December 06, 2019
Firms Win $1.7M In Fees In $6.9M Retirement Benefits Suit
Attorneys from Nichols Kaster PLLP, Block & Leviton LLP and MKLLC Law were awarded $1.7 million in fees Thursday by a Massachusetts federal judge after securing a $6.9 million settlement with workers from MFS Investment Management who claimed the company mismanaged their retirement savings.
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June 17, 2019
MFS Agrees To Pay $6.9M To End Self-Dealing Accusations
MFS Investment Management and a proposed class of workers who say the company profited at their expense by investing their retirement savings in expensive, proprietary funds are looking to wrap up the dispute with a nearly $6.9 million settlement.
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July 19, 2018
MFS Must Face ERISA Suit Alleging Self-Serving Investments
A Massachusetts federal judge on Thursday allowed a former finance employee to pursue claims that MFS Investment Management put nearly every dollar of its workers' retirement savings into the company's own mutual funds, passing up nonproprietary alternatives to the participants' detriment since 2011.