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Ferguson et al v. Ruane Cuniff & Goldfarb Inc. et al
Case Number:
1:17-cv-06685
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Berkowitz Oliver
- Cohen & Gresser
- Kent Beatty
- Klamann Law Firm
- Law Office of Heidi A. Wendel
- Miller Shah LLP
- Olivier & Schreiber
- O'Melveny & Myers
- Paul Weiss
- Pomerantz LLP
- Proskauer Rose
- Scale LLP
- Schulte Roth
- Skadden Arps
Companies
Sectors & Industries:
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October 25, 2023
Judge OKs $125M Deal In 401(k) Case, With $25M In Atty Fees
Several legal teams will receive over $25 million in fees for brokering a $124.6 million deal resolving 401(k) plan mismanagement claims brought by employees of software and information technology company DST Systems Inc., a Manhattan federal judge determined Wednesday.
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October 04, 2023
DST Workers' Attys Seek $25M Cut Of $125M ERISA Deal
Three groups of attorneys involved in brokering a massive $124.6 million settlement to end a lawsuit from DST Systems Inc. workers alleging 401(k) plan mismanagement have requested more than $25 million in fees.
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July 17, 2023
DST Workers, DOL Unveil $124.6M ERISA 401(k) Settlement
DST Systems Inc., its investment manager and others accused of mismanaging a 401(k) plan have agreed to pay $124.6 million to end multiple lawsuits from ex-workers and a U.S. Department of Labor enforcement action, according to filings in New York federal court.
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November 14, 2022
DST Systems Workers To Settle 401(k) Mismanagement Suits
A class of former DST Systems Inc. workers who alleged the company and its investment advisers mismanaged an employee 401(k) plan told a New York federal court they reached a settlement to resolve at least two federal benefits lawsuits.
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August 18, 2021
Judge Axes DST Workers' $79M 401(k) Settlements
A New York federal court dealt a blow to a roughly $79 million series of settlements resolving ERISA claims lodged by DST Systems Inc. workers and retirees who claim their retirement savings were unwisely invested, finding that the settlements contained an overly restrictive provision.
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June 25, 2021
Benefits Cases To Watch In The Remainder Of 2021
Benefits litigators have no shortage of cases to watch in 2021's second half, as courts consider high-profile questions such as when a retirement plan's investments are adequately diversified, how suits over plan fees can clear dismissal bids, and whether plans can make workers arbitrate claims of plan mismanagement.
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May 04, 2021
Tech Co. Says ERISA Suit Is Meant For Court, Not Arbitration
DST Systems Inc. urged a New York federal judge to certify a class of 10,000 of its employees and retirees in an ERISA case headed for a roughly $79 million settlement, encouraging the judge to ignore objections filed by about 500 workers who want to arbitrate their claims.
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January 11, 2021
DST Workers Settle ERISA Investment Suit For $79M
DST Systems Inc.'s workers and retirees have struck deals totaling roughly $79 million to settle a proposed ERISA class action accusing their employer, the investment adviser Ruane Cunniff & Goldfarb Inc. and Ruane's CEO of unwisely investing their retirement savings.