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Gomes et al v. State Street Corporation et al

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Case Number:

1:21-cv-10863

Court:

Nature of Suit:

Labor: E.R.I.S.A.

Multi Party Litigation:

Class Action

Judge:

Firms

Companies

State Street Corp.

Sectors & Industries:

Financial
- Asset Management

August 13, 2024
Firms In State Street Case See $400K Slashed From Fee Bid

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
Firms Must Justify $1.4M Fee Bid In State Street Settlement

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
Attys Eye $1.4M Slice Of State Street Retirement Plan Deal

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 Inks $4.3M Deal To Resolve ERISA Claims

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 Says ERISA Suit Short On Evidence

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 Faces ERISA Class Claims Over 'Self-Dealing'

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.