March 01, 2024
A transportation company and its investment consultant will foot a $9 million bill to end a class action accusing them of running afoul of federal benefits law by replacing investment options in the company's retirement plan with subpar funds, according to a filing in Ohio federal court.
February 08, 2024
Former transportation company employees told an Ohio federal court Thursday they reached a deal with the company to end a class of workers' lawsuit alleging the company followed the poor advice of its investment consultant in replacing most of its retirement plan options with subpar funds.
December 13, 2022
A class of public transportation workers asked an Ohio federal judge to sign off on a $4.5 million ERISA settlement with Aon Hewitt, which the workers claim urged FirstGroup America Inc. to replace most of its retirement plan options with Aon Hewitt's subpar funds.
November 28, 2022
Aon Hewitt told an Ohio federal court it has agreed to settle a class action alleging it violated federal benefits law by recommending that public transportation provider FirstGroup America Inc. replace most of its retirement plan options with its own subpar funds.
September 08, 2022
An Ohio federal judge on Thursday signed off on a sweeping class of workers who allegedly lost tens of millions of dollars because public transportation provider FirstGroup America Inc. replaced most of its retirement plan options with subpar Aon Hewitt funds.
March 17, 2022
A lawsuit alleging public transportation provider FirstGroup America Inc. replaced most of its retirement plan options with subpar Aon Hewitt funds can proceed as a class action, the companies and ex-workers told an Ohio federal court.