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Moitoso et al v. FMR LLC et al
Case Number:
1:18-cv-12122
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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February 26, 2021
Fidelity Workers' Attys Get $9M Cut Of 401(k) Settlement
A Boston federal court approved $9 million in fees Friday for the attorneys who helped current and former Fidelity Investments employees secure a $28.5 million settlement in their suit accusing the company of loading its workers' 401(k) plans with costly, proprietary investment options.
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December 09, 2020
Attys Seek $9M Fee For 'Vigorous' Work In Fidelity 401(k) Case
Lawyers for Fidelity Investments' retirement plan participants on Tuesday asked a federal court to award them nearly a third of the $28.5 million the company agreed to pay in July to settle claims it harvested fees from the Fidelity-affiliated funds in the workers' 401(k) plans.
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July 02, 2020
Fidelity Settles Workers' 401(k) Plan Suit For $28.5M
Fidelity has struck a $28.5 million deal with current and former employees to settle a class action claiming the investment firm put profits ahead of their retirement savings by harvesting "excessive" fees from a limited lineup of Fidelity-affiliated funds in its 401(k) plan.
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March 27, 2020
Fidelity Must Face Trial Over Duty To Monitor 401(k) Plan
Fidelity can be held liable for failing to monitor proprietary mutual funds in its workers' 401(k) retirement plan, a Massachusetts federal judge ruled Friday, saying whether the financial services company's lack of diligence caused losses must be resolved by a jury.
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October 09, 2019
Fidelity Workers Lose Bid For Jury Trial In ERISA Suit
A Massachusetts federal judge has ruled in a "close call" that Fidelity workers can't have a jury trial in their suit accusing the financial services company of using their retirement savings for personal gain, though he did agree to let a jury make recommendations in the case.
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October 11, 2018
Fidelity Costs Its Retirees Hundreds Of Millions, Suit Says
Participants in one of the nation's largest 401(k) plans believe Fidelity Investments has continued to squander hundreds of millions of dollars in employees' savings on underperforming proprietary funds since settling similar claims in 2014, according to a proposed class action filed Wednesday in Massachusetts federal court.