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Iannone et al v. AutoZone Inc

  1. August 21, 2024

    Northern Trust's $2.5M Deal Approved In AutoZone 401(k) Suit

    A Tennessee federal judge on Wednesday granted preliminary approval to a $2.5 million deal to end class claims from participants in AutoZone's 401(k) employee plan who alleged Northern Trust shirked its duties as their 401(k)'s investment adviser.

  2. December 08, 2023

    Northern Trust To Pay $2.5M To Exit AutoZone 401(k) Suit

    AutoZone retirement plan participants urged a Tennessee federal judge to approve a $2.5 million deal to end claims that Northern Trust shirked its duties as their 401(k)'s investment adviser, seeking to resolve their allegations against the financial services company while claims against the auto parts retailer proceed.

  3. October 25, 2023

    Northern Trust Strikes Deal To Exit AutoZone 401(k) Suit

    Northern Trust reached a deal to end AutoZone employees' claims that it shirked its duties as their 401(k) plan's investment adviser on the same day a bench trial began on their lawsuit against their employer, according to a notice in Tennessee federal court.

  4. December 08, 2022

    AutoZone Workers Nail Down Class Status In 401(k) Fee Suit

    A Tennessee federal judge awarded a group of AutoZone workers class certification in their suit alleging employees were overcharged millions in 401(k) fees, despite AutoZone's pushback that the lead plaintiffs can't represent the class they put forward.

  5. September 09, 2022

    Prudential Unit Avoids Sanctions in AutoZone 401(k) Dispute

    A Tennessee federal judge on Friday denied a motion for sanctions against a Prudential subsidiary stemming from a discovery dispute in a federal benefits lawsuit brought by a proposed class of AutoZone Inc. workers alleging their company mismanaged their employee 401(k) plan.

  6. August 15, 2022

    Sweeping AutoZone 401(k) Class Gets Tentative Green Light

    A group of AutoZone workers should be awarded class certification in their suit alleging the company wasted $60 million in 401(k) funds on unnecessary fees, a Tennessee magistrate judge recommended, saying the class representatives can properly lead the litigation despite the company's pushback.

  7. September 18, 2020

    AutoZone Can't Put $60M ERISA Suit In Rear View Mirror

    A Tennessee federal judge refused Friday to let AutoZone Inc. off the hook in an ERISA suit claiming it wasted $60 million of its workers' retirement savings, finding the proposed class adequately alleged the company let the plan's recordkeeper benefit at their expense.

  8. March 18, 2020

    Workers Say AutoZone Must Face $60M Suit Over 401(k) Plan

    AutoZone workers are fighting an attempt by the auto parts retailer to scrap their suit alleging it cost 401(k) plan participants more than $60 million by steering their retirement savings toward an investment allocation service that offered high-cost funds and sent kickbacks to Prudential Insurance.

  9. November 14, 2019

    AutoZone Workers Say Prudential Funds Cost 401(k) $60M

    AutoZone cost 401(k) plan participants over $60 million by steering their retirement savings toward an investment allocation service that offered high-cost funds and sent kickbacks to Prudential Insurance Co., workers have alleged in a proposed class action.

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