November 20, 2023
A recent crop of Employee Retirement Income Security Act suits from ex-workers challenging the decision to retain certain BlackRock investment options in their 401(k)s have stumbled in federal court.
March 02, 2023
A Virginia federal judge has permanently axed a suit alleging that Booz Allen Hamilton funneled employees' retirement savings into poorly performing investment funds, finding that the suit lacked factual allegations showing that chosen funds were truly underperforming compared to others, among other things.
December 02, 2022
A Virginia federal judge tossed a suit alleging Booz Allen Hamilton funneled employees' retirement savings into poorly performing investment funds, following pushback from the company that the proposed class action lacked convincing evidence of fiduciary malpractice.
November 01, 2022
Booz Allen Hamilton rebutted allegations a proposed class of workers lodged accusing the consulting firm of skirting federal benefits law by loading the company 401(k) plan with poorly performing funds to invest in, arguing the workers had tried to "pick and choose" evidence that helped their case.
October 25, 2022
A former Booz Allen Hamilton worker urged a Virginia federal court not to toss his proposed class action alleging the company broke federal law by including poorly performing funds in its investment lineup, arguing that the firm is distorting his accusations.
October 18, 2022
A worker cherry-picked investment options to allege that a consulting firm mismanaged its employees' retirement and would have disastrous implications if the suit stands, three of the largest industry groups representing employers administering Employee Retirement Income Security Act plans told a Virginia federal court.
August 01, 2022
A consulting firm mismanaged its employees retirement fund by including a poorly performing family of funds in its investment lineup, when other, better-performing options were available, an employee alleged in a proposed class action filed in Virginia federal court Monday.