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Diego Cervantes v. Invesco Holding Company (US), Inc. et al

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Case Number:

1:18-cv-02551

Court:

Georgia Northern

Nature of Suit:

Labor: E.R.I.S.A.

Multi Party Litigation:

Class Action

Judge:

Firms

Companies

Invesco Ltd.

Sectors & Industries:

Financial
- Asset Management

March 10, 2020
Invesco To Pay $3.5M To End ERISA Suit Over 401(k) Lineup

Invesco has agreed to shell out nearly $3.5 million to resolve a proposed class action claiming the investment management company put profits ahead of its workers by packing its 401(k) plan with proprietary funds.
November 25, 2019
Invesco Strikes Deal To Resolve 401(k) Plan Battle

Invesco has told a Georgia federal judge it agreed to settle a proposed Employee Retirement Income Security Act class action accusing the investment management company of wrongly lining its pockets by filling its 401(k) plan with its own products.
September 26, 2019
Invesco Off The Hook In 401(k) Plan Dispute, For Now

A Georgia federal judge has tossed a proposed ERISA class action accusing the investment management company Invesco of wrongly lining its pockets by filling its 401(k) plan with its own products, but gave the ex-worker behind the suit 20 days to bring his claims up to snuff.
July 26, 2018
Invesco Says Plan Participant Got Facts Wrong In 401(k) Suit

Invesco Ltd. has urged a Georgia federal judge to toss a proposed class action accusing the investment management company of filling its 401(k) plan with its own products instead of better options, arguing the allegations in the suit are "demonstrably false."
May 31, 2018
Invesco Used 401(k) Investors As 'Captive Market,' Suit Says

Invesco Ltd. flouted federal employment law while using its 401(k) plan to push its own investment products and to generate fees and assets for its businesses, treating the plan's participants as a "captive market and testing ground," a plan participant's proposed class action in Georgia federal court alleges.