ERISA Class Action Watch

Montoya v. ING – An offshoot of Spitzer’s investigations against ING and the New York State United Teachers. Participants claim that ING paid NYSUT kickbacks to push ING’s 403(b) products.

Boeckman v. A.G. Edwards – Participants allege that A.G. Edwards selected fee-intensive retail mutual fund shares fots it plan when it could have invested more cheaply by buying institutional shares or directly hiring investment managers.

Ruppert v. Principal Life Ins. Co. – Plans allege that Principal violated its fiduciary duties by selecting mutual funds for its bundled arrangements based on the amount of rvenue sharing it would receive.