February 05, 2024
A security services firm and its 401(k) manager are to shell out a combined $7.5 million to end a suit alleging they saddled a $400 million retirement plan with underperforming investment funds that benefited the investment manager more than workers, according to a settlement agreement.
January 12, 2024
A certified class of 5,000 Centerra Group employees who accused the company and several others of mismanaging their retirement savings and steering them into subpar proprietary funds told a South Carolina federal judge Friday they've reached an agreement to resolve all their claims.
January 02, 2024
A South Carolina federal judge greenlighted a class action covering roughly 5,000 current and former employees who accused a security services firm of letting an investment manager steer their retirement savings into subpar proprietary funds.
October 30, 2023
A class of Centerra Group LLC employees and Aon Investments USA Inc. asked a South Carolina federal judge for an initial green light on a $4.5 million deal aiming to resolve a suit alleging the workers' retirement plan was loaded with underperforming investment funds.
April 26, 2023
A group of former Centerra Group LLC employees urged a federal judge to grant class status to a lawsuit accusing Centerra and investment manager Aon Investments USA Inc. of steering their retirement savings into poorly performing investments.
September 16, 2021
A South Carolina federal judge on Thursday narrowed but refused to throw out a proposed class action accusing Centerra Group LLC and Aon Investments USA Inc. of violating federal benefits law by steering workers' retirement savings into Aon funds instead of better-performing investments.