December 07, 2023
An actuarial and underwriting company agreed to shell out $4 million to end a proposed class action from ex-workers who accused it of saddling their retirement plan with excessive fees and failing to keep an eye on its investment lineup, according to a filing in New Jersey federal court.
May 08, 2023
A New Jersey magistrate judge has set in motion a proposed class action brought against an insurance company accused of failing to look out for lower costs on its workers' retirement plans, noting in the order that mediation failed to produce a settlement for the $1.1 billion claims.