July 17, 2023
DST Systems Inc., its investment manager and others accused of mismanaging a 401(k) plan have agreed to pay $124.6 million to end multiple lawsuits from ex-workers and a U.S. Department of Labor enforcement action, according to filings in New York federal court.
March 29, 2022
A New York federal judge refused to let investment manager Ruane Cunniff & Goldfarb Inc. and information processor DST Systems Inc. out of a federal benefits lawsuit, ruling the companies must face the U.S. Department of Labor's claims that they mishandled employees' retirement savings.
October 09, 2019
The U.S. Department of Labor slapped investment manager Ruane Cunniff & Goldfarb Inc. and information processor DST Systems Inc. with an Employee Retirement Income Security Act suit on Tuesday that claims Ruane Cunniff bungled its handling of a DST retirement plan by failing to diversify investments.