January 06, 2025
Northern Trust Co. has agreed to pay $6.9 million to end a proposed class action claiming it tapped underperforming proprietary investment funds for its $2.8 billion retirement plan, according to a Monday filing in Illinois federal court.
October 10, 2024
The Northern Trust Co. has agreed to settle a proposed class action claiming the financial services company weighed down its 401(k) plan with underperforming proprietary fund options, according to filings in Illinois federal court Thursday.
August 10, 2022
An Illinois federal judge refused to shut down a proposed class action brought by current and former Northern Trust workers who accused the asset management company of lining its pockets by steering their savings toward its own high-cost, poorly performing investment funds.