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Carfora et al v. Teachers Insurance Annuity Association of America et al
Case Number:
1:21-cv-08384
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Covington & Burling
- Groom Law Group
- Jackson Lewis PC
- Nixon Peabody
- Ropes & Gray
- Schlichter Bogard
- Sidley Austin
- WilmerHale
Companies
- California Institute of Technology
- Memorial Sloan Kettering Cancer Center
- Northeastern University
- Teachers Insurance & Annuity Association of America
Sectors & Industries:
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March 04, 2026
Retirees' TIAA Rollover Advice Fee Suit Trimmed
A New York federal judge on Wednesday narrowed a proposed class action alleging the Teachers Insurance Annuity Association of America and its affiliates violated federal benefits law by coercing retirees into higher-cost managed accounts, holding individual retirees lacked standing to sue on behalf of participants in thousands of other plans.
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June 03, 2024
TIAA Can't Escape Retirees' Rollover Advice Fee Suit
A New York federal judge refused to toss retirees' suit alleging the Teachers Insurance Annuity Association of America violated federal benefits law by coercing them into transferring their assets into higher-fee managed accounts, finding the retirees' new theory of liability should proceed to discovery.
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August 23, 2023
Workers Get TIAA Retirement Savings Suit Back On Track
A New York federal judge revived a proposed class action that accuses Teachers Insurance Annuity Association of America of coercing retirement plan savers to transfer assets into higher-fee accounts, saying the retirees may be able to show the investment services company profited off that advice.
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September 28, 2022
TIAA Escapes Account Holders' ERISA Suit
A New York federal judge dismissed a suit claiming the Teachers Insurance Annuity Association of America violated federal benefits law by inducing participants in employer-sponsored retirement plans to transfer assets into higher-fee accounts, finding a proposed class of investors failed to allege TIAA acted as a fiduciary when recommending rollovers.