The National Consumer Law Center has filed an interesting (and possibly procedurally defective) complaint against UNUM Life Insurance in Massachusetts. The core allegation is that instead of paying lump-sum death benefits as required by its policies, UNUM instead gave beneficiaries a check book that drew on an account maintained by UNUM. UNUM thus profited by keeping the […]
Entries Tagged as 'New suits'
New Suit Against UNUM
May 23rd, 2007 · No Comments
Tags: New suits
RadioShack Hit with Stock Drop & Fee Suit
May 16th, 2007 · 2 Comments
The RadioShack 401(k) Plan and ESOP are being sued in the Northern District of Texas. A brief look at the complaint shows that this is primarily a company stock drop suit. These suits are becoming as routine as shareholder derivatives following a stock decline, but two things stand out in this complaint:
Although RadioShack stock has […]
Tags: 401(k) fee · New suits · Company Stock
New Class Action Against FedEx
May 8th, 2007 · No Comments
A complaint filed in the WD NC alleges that FedEx deprived North Carolina drivers of benefits by wrongfully classifying them as independent contractors.
Tags: New suits
Wal-Mart 401(k) Plan Sued
April 25th, 2007 · No Comments
Keller Rohrback and others have filed a nationwide class action in the E.D. Penn. against Wal-Mart. The complaint builds on allegations (and a jury verdict in Pennsylvania) that Wal-Mart has failed to compensate employees for all of the hours they worked. The idea is that because Wal-Mart makes profit-sharing contributions to 401(k) plan participants’ accounts based on their […]
Tags: New suits