Corporate Finance

Last week, 26,000 bank employees and retirees reached a settlement with Pentegra over prohibited transactions in their class-action lawsuit, just nine days after a rare jury trial awarded them $38,760,232 over excessive fees.

Part 1 of 2: With a crypto-friendly administration in Washington, blockchain-based money market funds are having a moment.

Former employees sued the grocery chain for allegedly failing to rein in recordkeeping costs from Fidelity, even though services were “routine.”

“Canadian public-sector workers and taxpayers will not support companies that put profit over public service, particularly when the administration those companies support is threatening to annex Canada.”

Given the steep plunge in Tesla shares this year, the AFT president is urging money managers to “safeguard retirement assets” and urgently review their current holdings in electric carmaker Tesla, which is a target of political protests amid growing animosity for the brand.

Retirement plans were central to recent strike negotiations at Boeing and UAW.

The aerospace firm violated its fiduciary duties by using an in-house service provider and affiliated target-date funds, according to the class-action lawsuit filed by plan participants.

Following a lawsuit alleging “wrongful use” of 401(k) forfeited funds, the banking giant is now being sued by employees over $2.4 million in plan assets that were invested in an in-house stable-value fund.