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Goldstein et al v. Mutual of America Life Insurance Company
Case Number:
1:22-cv-07862
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 17, 2023
Mutual Of America To Pay $2.75M To End Self-Dealing Suit
Mutual of America Life Insurance Co. will pay $2.75 million to resolve a lawsuit alleging it put profits over retirement plan participants' interests by steering their savings toward proprietary investments and saddling them with a costly record-keeping system, according to a filing in New York federal court.
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April 05, 2023
Mutual Of America Strikes Deal To End 401(k) Fee Suit
Mutual of America Life Insurance Co. has agreed to resolve a proposed class action alleging it violated federal benefits law by permitting its employee retirement plan to use a proprietary record-keeping system and offer proprietary investments to generate profits at the expense of plan participants.