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Brotherston et al v. Putnam Investments, LLC et al
Case Number:
1:15-cv-13825
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 06, 2021
Putnam Workers' Attys Win $3.9M Cut Of $12.5M Deal
A Massachusetts federal judge signed off Tuesday on a $12.5 million deal between Putnam Investments and Putnam workers who alleged the company mishandled their retirement savings, handing lawyers from Nichols Kaster PLLP and Block & Leviton LLP $3.9 million for their work on the case.
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July 17, 2020
Putnam Workers' Attys Ask For $4M In Fees After ERISA Deal
The lawyers representing a class of current and former Putnam Investments LLC workers asked a Massachusetts federal court Friday for about $4.2 million in fees for their work that led to a $12.5 million settlement following a five-year legal battle over the company's alleged mismanagement of its 401(k) plan.
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April 17, 2020
Putnam Strikes $12.5M Deal To End ERISA Class Action
Putnam Investments LLC has agreed to pay $12.5 million to wrap up an ERISA class action claiming the company wrongly filled its 401(k) plan with company-owned mutual funds, following the U.S. Supreme Court's decision not to review the First Circuit's revival of the case.
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June 20, 2017
Putnam Investments Beats ERISA Class Action
A Massachusetts federal judge ruled for Putnam Investments LLC on Monday in an Employee Retirement Investment Security Act class action alleging that it mismanaged a retirement plan, finding that the company did not necessarily shortchange workers by offering mostly in-house funds as investment options.