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IN RE AMERICAN NATIONAL RED CROSS ERISA LITIGATION
Case Number:
1:21-cv-00541
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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May 12, 2025
Red Cross Strikes Deal In Suit Over 401(k) Funds, Fees
The American National Red Cross has agreed to pay $950,000 to resolve a suit claiming it cost workers millions in savings by keeping underperforming funds in its $1.2 billion retirement plan and allowing high fees, according to a D.C. federal court filing.
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December 02, 2024
Red Cross Says 401(k) Suit Lacks Proof Of Mismanagement
The American National Red Cross urged a D.C. federal judge Monday to toss a suit claiming it hindered its retirement plan with steep fees and underperforming funds, arguing that the group of workers behind the proposed class action hasn't put forward proof of imprudent management.
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January 23, 2024
DC Judge Won't Ax Red Cross Workers' ERISA Suit Yet
A D.C. federal judge on Tuesday declined to toss a lawsuit claiming the American National Red Cross violated federal benefits law by offering its workers an underperforming retirement plan with excessive fees, ordering each side to conduct "narrow, constrained and efficient discovery" before returning to the dismissal bid.
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June 16, 2021
Red Cross Steered Workers To Shoddy 401(k) Funds, Suit Says
The American National Red Cross was hit with a proposed class action in a D.C. federal court alleging the nonprofit violated federal benefits law by letting its retirement plan pay excessive fees and letting workers sink their retirement savings into underperforming funds.