June 24, 2024
PNC escaped a certified class action alleging it let employee retirement fund participants pay excessive fees after a Pennsylvania federal judge on Friday ruled that an expert witness who calculated $25 million in damages for the class of current and former employees wasn't reliable.
September 16, 2022
More than 65,000 current and former PNC employees can move ahead with their claims that the bank let employee retirement fund participants pay excessive fees after a federal judge approved the parties' stipulation to class certification Friday.
September 13, 2022
PNC and three former workers who accused the company of flouting ERISA by letting employee retirement plan participants pay excessive record-keeping and administrative fees jointly asked a Pennsylvania federal judge Tuesday to certify the 65,000-member class action.
June 03, 2022
A proposed class action filed by former PNC workers and incentive savings plan participants is set to go to mediation with the bank, according to a filing in Pennsylvania federal court from lawyers for the two parties.
March 31, 2022
A Pennsylvania federal judge on Thursday denied most of PNC's bid to toss a proposed class action claiming the company violated federal benefits law by letting its retirement plan pay excessive recordkeeping and administrative costs.