August 15, 2018
Thousands of workers who accused Deutsche Bank of steering their retirement savings into expensive and poorly performing proprietary funds told a New York federal court they had struck a $21.9 million deal to resolve their Employee Retirement Income Security Act class action.
June 22, 2018
Deutsche Bank has told a New York federal judge that a class of plan participants improperly attempted to rebut earlier arguments and exclude certain pieces of evidence on the eve of a July trial over their Employee Retirement Income Security Act claims that the bank wrongly invested their retirement savings in proprietary funds.
June 04, 2018
A New York federal judge canned part of an Employee Retirement Income Security Act class action accusing Deutsche Bank of funneling workers' retirement savings into funds that benefited the bank more than workers, saying on Friday that the upcoming bench trial in the case won't include claims that the bank's actions constituted prohibited transactions.
March 23, 2018
Fiduciaries of a Deutsche Bank employee benefits plan accused of steering investments into underperforming proprietary funds that paid the bank high fees pressed their case for a partial quick win in New York federal court on Friday.
September 06, 2017
A New York federal judge on Tuesday certified a class of participants of a Deutsche Bank Americas Holding Corp. 401(k) plan in a suit accusing the bank of steering plan investments into under-performing funds that paid the bank high fees.