June 06, 2018
A former Franklin Templeton employee urged a California federal judge to reject arguments that certification for a proposed class of more than 5,000 members was "duplicative and unnecessary" in her suit alleging that the investment firm wrongly invested workers' retirement savings into company-owned products instead of better performing funds.
May 30, 2018
Franklin Templeton has urged a California federal judge not to certify a putative class of more than 5,000 employee retirement plan participants who accuse the investment firm of flouting the Employee Retirement Income Security Act by funneling workers' savings into company-owned products when other funds would have performed better.
May 16, 2018
A former Franklin Templeton employee asked a California federal court on Tuesday to certify her proposed class of more than 5,000 members over allegations the company's 401(k) plan was mismanaged and full of poorly performing in-house mutual funds.
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.