April 17, 2024
After a $4.1 million Connecticut ERISA settlement, a federal court has awarded more than $1 million in fees to attorneys who represented a class of nearly 40,000 Xerox workers, determining a one-quarter fee amount was more appropriate than the requested one-third cut.
January 22, 2024
A class of nearly 40,000 Xerox Corp. employees asked a Connecticut federal judge for her final blessing Monday on a $4.1 million settlement resolving accusations the company allowed its retirement plan to be saddled with recordkeeping fees that cost up to four times more than what similar comparators charged.
October 14, 2022
Xerox agreed to settle a Connecticut federal lawsuit alleging it allowed its workers' 401(k) plan to be saddled with administrative fees that were triple what other retirement plans paid, according to a Friday joint status report on the case.
April 18, 2022
A Connecticut federal judge refused Monday to toss a proposed class action accusing Xerox Corp. and its 401(k) retirement plan committee of breaching their fiduciary duties under the Employee Retirement Income Security Act by authorizing allegedly excessive recordkeeping fees, which were more than triple competitors.