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Karg et al v. Transamerica Corporation et al
Case Number:
1:18-cv-00134
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Multi Party Litigation:
Class Action
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June 23, 2021
Transamerica Inks $5.4M Deal To Settle ERISA Class Action
Transamerica Corp. told an Iowa federal judge Wednesday that it has inked a $5.4 million deal to settle an ERISA class action in which roughly 24,500 current and former workers accused it of stuffing its 401(k) plan with underperforming proprietary investments.
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March 26, 2020
17,000-Member Class OK'd In Transamerica ERISA Suit
An Iowa federal judge has certified a class of 17,000 current and former Transamerica Corp. employees in an Employee Retirement Income Security Act suit accusing the financial services company of stuffing its 401(k) plan with underperforming proprietary funds.
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August 21, 2019
Transamerica Can't Use Settlement To Slip New 401(k) Suit
An Iowa federal judge has denied Transamerica Corp.'s attempt to shed a proposed class action surrounding allegations that it stuffed underperforming proprietary funds in its 401(k) plan, saying a previous settlement in an excessive fee suit doesn't bar the new claims.