Putative Class Action Focuses On TIAA Tool That Allegedly Favored Proprietary Annuities

(August 12, 2024, 4:44 PM EDT) -- NEW YORK — Alleging “an ongoing unlawful scheme to enhance corporate profits” based on a tool that they claim favored two proprietary annuities, plaintiffs who participate in university retirement plans filed a putative class action against Teachers Insurance and Annuity Association of America (TIAA) and Morningstar Inc. and related entities....

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