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Wong v. FMR LLC et al
Case Number:
1:19-cv-10335
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Goodwin Procter
- McGillivary Steele
- Miller Shah LLP
- O'Melveny & Myers
- Pastor Law Office
- Segal Roitman
Companies
Sectors & Industries:
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February 14, 2020
Mass. Suit Accusing Fidelity Of 401(k) Kickback Scheme Axed
A Massachusetts federal judge tossed a proposed class action by a T-Mobile USA Inc. employee who accused the manager of the company's 401(k)plan, Fidelity, of operating a so-called pay-to-play scheme in violation of the Employee Retirement Income Security Act, with the judge finding the worker couldn't show the companies acted like fiduciaries.
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February 22, 2019
T-Mobile Worker Accuses Fidelity Of 401(k) Kickback Scheme
A T-Mobile USA Inc. employee enrolled in the company's Fidelity-managed 401(k) plan has accused the financial services company of violating the Employee Retirement Income Security Act by making mutual funds pay kickbacks in order to stay on the plan's roster of investment options.