June 18, 2024
An Illinois federal judge on Monday gave his final sign-off to a $2.25 million settlement accounting firm BDO agreed to pay to resolve a suit alleging the company failed to verify that retirement plan funds in an employee 401(k) were evaluated properly.
February 07, 2024
A proposed class of workers asked an Illinois federal judge to greenlight a $2.25 million settlement with accounting firm BDO, which they allege failed to verify that its retirement plan's funds were evaluated properly.
August 28, 2023
Accounting firm BDO asked an Illinois federal judge Friday to pause a proposed class action claiming it mismanaged its workers' retirement fund by keeping underperforming and pricey investment funds, pending a December mediation the parties hope will resolve the case.
March 21, 2023
Accounting firm BDO can't toss a lawsuit claiming it mismanaged its workers' retirement fund by retaining underperforming and pricey investment funds, an Illinois federal judge said Tuesday, ruling that the workers behind the suit had supported their claims with enough detail.