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Boley et al v. UNIVERSAL HEALTH SERVICES INC et al

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Case overview

Case Number:

2:20-cv-02644

Court:

Pennsylvania Eastern

Nature of Suit:

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

Multi Party Litigation:

Class Action

Judge:

MARK A. KEARNEY

Firms

Companies

Sectors & Industries:

  1. March 31, 2023

    Judge OKs $12.5M 401(k) Deal, With Class Attys Getting $4.2M

    A Pennsylvania federal judge has signed off on a $12.5 million settlement ending claims by current and former employees of Universal Health Services Inc. that the company mismanaged its employee 401(k) plans, reasoning that the deal — which included $4.2 million in attorney fees — was fair.

  2. March 24, 2023

    Class Seeks $4.2M For Attys In Universal Health 401(k) Suit

    Current and former employees of Universal Health Services Inc. want a Pennsylvania federal court to give final approval to a $12.5 million settlement of claims the hospital chain loaded its employee 401(k) plans with underperforming, high-cost investments, with Miller Shah LLP and Cappozi Adler taking home $4.2 million in fees.

  3. October 21, 2022

    Universal Health To Pay $12.5M To End Sweeping 401(k) Suit

    A 60,000-member class accusing Universal Health Services Inc. of loading its employee 401(k) plan with expensive and poorly performing investment options has asked a Pennsylvania federal court to sign off on a $12.5 million settlement that would end the two-year-old lawsuit.

  4. September 29, 2022

    Universal Health Strikes Deal In Sweeping 401(k) Suit

    Universal Health Services Inc. agreed to resolve a 60,000-member class action alleging the company mismanaged employees' 401(k) plan by loading it with expensive and poorly performing investment options, according to filings in Pennsylvania federal court.

  5. June 25, 2021

    Benefits Cases To Watch In The Remainder Of 2021

    Benefits litigators have no shortage of cases to watch in 2021's second half, as courts consider high-profile questions such as when a retirement plan's investments are adequately diversified, how suits over plan fees can clear dismissal bids, and whether plans can make workers arbitrate claims of plan mismanagement.

  6. May 28, 2021

    Universal ERISA Suit Paused As 3rd Circ. Weighs Class Cert.

    A Pennsylvania federal judge will slam the brakes on proceedings in an ERISA suit against Universal Health Services Inc. after the hospital chain's workers submit a few more court filings, agreeing with Universal that a pause is needed while the Third Circuit considers whether granting class certification was warranted.

  7. February 25, 2021

    Universal Health Slams Class Cert. Bid In 401(k) Fee Suit

    Universal Health Services Inc. has slammed its workers' bid for class status in their challenge to the company 401(k) plan's investments and fees in Pennsylvania federal court, arguing that the plaintiffs only invested in seven of the 37 investment funds they say were imprudent.

  8. February 09, 2021

    Universal Health Workers Urge Class Status In 401(k) Suit

    Universal Health Services workers who accused the hospital company of mismanaging their retirement savings asked a Pennsylvania federal judge to let their suit go forward on behalf of a sweeping class, saying tens of thousands of workers had suffered the same injury.

  9. November 02, 2020

    Universal Health Must Face 401(k) Fee Challenge

    Universal Health Services Inc. can't shake allegations that its 401(k) plan overcharged workers and underperformed, with a Pennsylvania federal judge rejecting the company's argument that recent U.S. Supreme Court precedent called for part of a proposed ERISA class action to fall.

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