The latest 401(k) lawsuit brought by the firm for the protection of employees and retirees has been the subject of numerous news articles. On behalf of Ameriprise employees and retirees, Schlichter, Bogard & Denton has filed a lawsuit against Ameriprise accusing the financial planning power house of self-dealing and breach of fiduciary duties under ERISA.
Schlichter Bogard & Denton is gaining national recognition in employee benefits circles. The firm was noticed by the New York Times Oct. 14 for filing a lawsuit against Ameriprise Financial Inc., the largest employer of certified financial employers in the country.
Late last month, six people, including one current employee, sued Ameriprise Financial, accusing it of stuffing its 401(k) plan with expensive, underperforming mutual funds that came from the company’s own investment management arm. The law firm behind the suit, Schlichter, Bogard & Denton, in St. Louis, now inspires fear and dread in employee benefits circles, since the suit is one of several it has filed against a variety of companies.
Schlichter Bogard & Denton attorneys tirelessly work to secure the hard earned retirement money of American workers. The firm has litigated class action retirement cases against some of the largest companies in the world. Whether taking a case to trial or fighting aggressively for the best settlement, the attorneys of Schlichter Bogard & Denton have given the common worker a voice in one of the most complicated areas of the law.
LOS ANGELES Energy company Edison International violated its duty of prudence under the Employee Retirement Income Security Act by offering three retail mutual funds as investment options in its 401(k) plan rather than their less costly institutional option equivalents, a Los Angeles federal judge has ruled.
Influence can flow from the financial resources to buy a competitor or create and market a new product. It can stem from a new idea that is — or will be — widely adopted or authoring a piece of legislation that changes the industry. It can also be as simple as holding the respect of one's peers so one's ideas can be widely spread and acted upon.
BOSTON, Dec 3 (Reuters) - A U.S. court has granted class-action status to a lawsuit filed by employees and retirees of a unit of Swiss engineering group ABB Ltd against the firm and two units of Fidelity Investments, a law firm said on Monday.
The days of the overpriced 401(k)-type retirement plan are numbered. The word is out. Congress will soon hold hearings on program expenses, and the U.S. Labor Department will issue guidelines on making fees more transparent.
Fidelity Investments is the latest target of what has become a growing number of lawsuits filed against 401(k) retirement plans alleging that participants were charged improper, undisclosed and excessive fees.
True or false: Your 401(k) plan is costing you more than $1,000 a year. If you can't answer that question you're like a lot of Americans.
Claudine Wilfong, 36, managed a rent-to-own appliance store in Arnold, Missouri. Renters Choice, Inc., acquired her store and approximately 1,400 others and began operating them as Rent-A-Center stores in 1998. Wilfong noticed that the company's atmosphere changed markedly immediately after the takeover. Managers told women — but not men — that they would have to deliver heavy appliances by themselves rather than in pairs, and demanded that female employees clean restrooms because, they said, "It's women's work." When her supervisor ordered Wilfong to fire a female employee on a pretense, she refused, and quit her job.
Thousands of Women to Receive Money and Jobs, New Human Resources Department to be Created
Rent A Center Inc., a consumer rental company headquartered in Plano, Texas, faces a $410 million lawsuit, accusing the firm of discrimination.
This week a federal judge is expected to approve the largest settlement ever reached in the metropolitan area in a racial discrimination suit.
Lawyers in a national sex discrimination class-action suit against Rent-A-Center Inc. announced on Thursday that they have reached a tentative settlement with the Plano, Texas, company.
ST. LOUIS - Attorneys for more than 5,000 women in a national multi-million dollar sex discrimination class action suit and the United States Equal Employment Opportunity Commission (EEOC) today announced that they have reached a tentative settlement in principle with national rent-to-own chain, Rent-A-Center.
MORE THAN 100 Missourians — including residents of Times Beach, the town shut down by the U.S. government three years ago — have been awarded $19 million in a tentative settlement of three dioxin-contamination suits.