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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
Companies
Sectors & Industries:
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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.