October 07, 2020
Retirement savers abruptly agreed to end for good their proposed class action accusing Principal Global Investors Trust Co. and related entities of violating the Employee Retirement Income Security Act by using their savings to line its own pockets, while noting that no settlement was reached.
October 03, 2019
Retirement savers with investments in certain funds managed by Principal Global Investors Trust are looking to certify a class of "hundreds of thousands" of retirement plan participants in their suit accusing the asset manager of using their savings to line its own pockets.
September 25, 2019
Principal Global Investors Trust Co. has lost a bid to dodge the remainder of a proposed Employee Retirement Income Security Act class action accusing the Iowa-based asset management company of profiting at the expense of 401(k) participants by investing their retirement savings in lousy proprietary products.
February 08, 2019
Principal Global Investors Trust Co. has asked a federal judge to rethink an order that partially denied the company's bid to toss a proposed Employee Retirement Income Security Act class action claiming it profited at the expense of 401(k) participants by investing their retirement savings in lousy proprietary products.
January 24, 2019
Principal Global Investors Trust Co. can't escape a proposed Employee Retirement Income Security Act class action alleging that it profited at the expense of 401(k) participants by investing their retirement savings in lousy proprietary products, an Iowa federal judge ruled Thursday.
September 26, 2018
Asset management company Principal Global Investors Trust Co. on Wednesday told an Iowa federal judge that another court's decision to allow certain Employee Retirement Income Security Act claims against M&T Bank doesn't mean a proposed class action accusing it of breaching its fiduciary duties to 401(k) plan participants should survive.
September 20, 2018
A proposed class of 401(k) participants with investments in Principal Global's target fund date products urged an Iowa federal judge on Wednesday not to toss their Employee Retirement Income Security Act suit against the company, pointing to a recent ruling that allowed certain ERISA claims against M&T Bank.
June 26, 2018
Principal Global Investors Trust Co. urged an Iowa federal judge to can a proposed class action accusing the company of breaching its fiduciary duties to 401(k) plan participants by failing to replace allegedly underperforming target date fund investments, telling the court the participants didn't show the investments underperformed.