August 23, 2024
Prime Healthcare Services Inc. beat a proposed class action in a bench trial over claims it allowed its employee 401(k) plan to be saddled with poor-performing investments and high costs, after a California federal judge ruled that the plan was prudently managed.
April 09, 2024
An attorney who specializes in Employee Retirement Income Security Act litigation testified on Tuesday as the first witness in a California bench trial for two certified classes claiming Prime Healthcare Services Inc. poorly managed their 401(k) plans, and said the company's oversight of its investment committee was "almost a dereliction of duty."
January 02, 2024
A California federal judge granted class certification to a suit claiming Prime Healthcare Services Inc. allowed its 401(k) plan to be saddled with poorly performing investments and high costs, saying the participants leading the suit weren't required to have invested in every fund they challenged.
July 16, 2021
A federal judge kept most of a former employee's proposed federal benefits class action against Prime Healthcare Services Inc. alive on Friday, axing just one claim from the plan participants alleging the health care company knowingly breached the workers' trust.
August 19, 2020
A former Prime Healthcare employee has hit the hospital system with a proposed class action in California federal court, alleging the company allowed its workers to invest their retirement savings in an expensive, poorly performing target-date fund that was too risky.