Class Action News

Class Action Legal News articles include legal news and lawsuit information about lawsuits filed, settlements reached and verdicts rendered in class action cases dealing with personal injury, defective products, bad drugs and other consumer law related news issues. Many of these articles include interviews from top legal professionals with guidance on legal recourse options from losses resulting from bad drugs, medical malpractice, investment fraud, personal injury, defective products and negligent employers.

Mutual Fund ERISA: Braden vs. Wal-Mart
April 17, 2008
Springfield, MO A class action lawsuit filed in late March alleges that Wal-Mart, the giant discount retailer, violated mutual fund ERISA statutes and cost its 401(k) employee plan holders and investors $60 million in unnecessary expenditures by purchasing expensive mutual funds, when cheaper alternatives were available.
Mutual Fund ERISA Lawsuits in the News
April 15, 2008
Dallas, TX More and more frequently, news of mutual fund ERISA lawsuits are making their way into the headlines. Lawsuits are being filed by employees who argue that the assets in their 401(k) plans and other retirement savings plans are being grossly mismanaged by plan fiduciaries. One of the most common complaints is that the fiduciaries are acting in the best interests of the company, rather than in the best interests of plan participants.
Mutual Fund ERISA Lawsuits: DOL Gets Involved
April 5, 2008
Washington, DC In a quiet move that many people may not have noticed, the US Department of Labor recently weighed in on the 401(k) lawsuit filed against Deere & Co. The move could have wide-ranging implications for other companies and employees involved in mutual fund ERISA lawsuits.
Mutual Funds and ERISA: Watch for the Signs of Greed
March 31, 2008
Manhattan, NY The recent settlement in the New York Life Insurance Co. (NYL) with regard to the alleged mismanagement of pension funds, aptly illustrates what can sometimes happen when investors aren't paying strict attention.
Supreme Court Upholds Individual's Right to Sue Over 401(k)
February 21, 2008
Southlake, TX You could forgive James LaRue for being ticked with the administrators alleged to have mis-managed his 401(k) investments after the value of his holdings plunged $150,000. His instructions were to move his portfolio into safer investments.

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