Today the Supreme Court, in a 9-0 decision, handed a victory to employees who invest their retirement savings in company 401(k) plans. Employees seeking to hold employers accountable for wrongdoing in managing their retirement plan must bring a claim within 3 years of having actual knowledge of the wrongdoing or, absent actual knowledge, no later […]

SUIT ALLEGES THAT WALGREENS OFFERS POORLY PERFORMING FUNDS TO ITS EMPLOYEES Click here to read the complaint CHICAGO, August 9, 2019 – Sanford Heisler Sharp, LLP filed a class complaint today in the U.S. District Court of Northern Illinois alleging the ways in which the Walgreen Co. breaches basic fiduciary duties under ERISA and violates […]

Suit Alleges Fraud Against an Investor SAN DIEGO, June 18, 2019 –Sanford Heisler Sharp, LLP filed an amended complaint today in the Superior Court of California, County of San Diego alleging the principals of a San Diego-based venture capital operation VentureMoney Management Co. defrauded an investor out of her life savings. The amended complaint alleges […]

As it appeared in Pension & Investments BY ROBERT STEYER Eaton Vance (EV) Corp. has agreed to pay $3.45 million settle a claim that managers of its 401(k) plan violated their fiduciary duties under ERISA by offering mostly proprietary products and failing to provide less expensive, similar options. The preliminary settlement, announced Monday, requires court […]

Suit Alleges That Transamerica Places Employees In Poorly Performing Funds CEDAR RAPIDS, Iowa, Jan. 02, 2019 (GLOBE NEWSWIRE) — Sanford Heisler Sharp, LLP filed a class action complaint on Friday, December 28th in the U.S. District Court of Northern Iowa detailing the ways in which the Transamerica Corporation violates basic fiduciary duties under ERISA and […]

Sanford Heisler Sharp is currently investigating the way E* Trade recently handled the assignment of a naked in-the-money put on the S&P 500 ETF (symbol SPY). A volatile price drop in SPY on the Friday of expiration triggered a likely assignment of 5,000 SPY shares. Rather than closing out the put contract before the close […]

As it appeared on PRNewswire Suit Follows on $2.1 Million Award Obtained Against Madison Avenue Earlier This Year SAN DIEGO, April 18, 2018 /PRNewswire/ — Sanford Heisler Sharp, LLP has filed an arbitration claim with the Financial Industry Regulatory Authority (FINRA) against Madison Avenue Securities alleging the firm violated its basic duty to diligently supervise […]

As it appeared in The Atlanta Journal-Constitution By Michael E. Kanell – The Atlanta Journal-Constitution A suit filed in federal court against Home Depot charges that the hardware giant permitted mismanagement of retirement funds affecting more than 200,000 people and costing their accounts at least $140 million. The complaint against the $100 billion-a-year, Atlanta-based company […]

As It Appeared On The Recorder P.J. D’Annunzio, The Recorder General Electric has been hit with a class action lawsuit demanding $700 million over claims that the corporation engaged in self-dealing in handling its employees’ retirement plans. According to the lawsuit filed Sept. 26 in U.S. District Court for the Southern District of California, GE […]

As it appeared on the Wall Street Journal A new rule governing retirement accounts is a reminder of the different standards for brokers and registered investment advisers in other accounts By Cheryl Winokur Munk It’s time for investors to think again about what they want and what they can expect from the professionals who handle […]