July 01, 2024
A car loan provider will pay $1.25 million to resolve a suit claiming it breached federal benefits law when it revalued its stock early in the pandemic and forced retirees to sell their shares at a lower value, a former plan participant told a California federal court.
May 03, 2024
A car loan company has agreed to resolve a proposed class action alleging it violated federal benefits law when it revalued its stock at the start of the pandemic and forced retirees to sell their shares at a lower value, according to a California federal court filing.
February 06, 2024
A California federal judge tossed much of a lawsuit claiming a car loan company violated federal benefits law when it revalued its stock at the start of the coronavirus pandemic, but said the company must still face claims that retirees were forced to sell their stock at a lower value.