August 13, 2024
A Massachusetts federal judge known for scrutinizing attorney fees in class action suits trimmed more than $400,000 from a requested award for two firms who led a $4.3 million settlement with State Street Corp. over its employees' 401(k) plans.
July 31, 2024
A Massachusetts federal judge who oversaw a yearslong attorney overbilling scandal and slashed a fee bid in another case over alleged false and misleading statements ordered a pair of firms to tell him why they should get one-third of a $4.3 million settlement with State Street Corp.
June 21, 2024
Class counsel are requesting a one-third cut from a $4.3 million settlement with State Street Corp. to resolve claims the bank stocked its employees' 401(k) plan with imprudent funds that it managed or that were run by its subsidiaries or affiliates.
February 12, 2024
State Street Corp. has agreed to pay $4.3 million to resolve proposed class claims that the bank managed its 401(k) plan for its own benefit rather than for workers in violation of the Employee Retirement Income Security Act, plan participants told a Massachusetts federal court on Monday.
July 27, 2021
State Street Corp. urged a Massachusetts federal court to throw out a proposed class action accusing the bank of managing its 401(k) plan for its own benefit rather than workers', arguing the suit is all hindsight and is devoid of specific allegations of malfeasance.
May 25, 2021
State Street Corp. engaged in a practice of "self-dealing" at its workers' expense, violating the Employee Retirement Income Security Act of 1974 by picking investment funds for its retirement plan that benefited the company and not plan participants, according to a suit filed Tuesday.