Goldman Sachs misses on expectations with $6.86B in 3Q Goldman Sachs’ Judy E. Hong upgraded the rating on the company. Following the decline in depletion growth in 1H15 and expectations of a soft 3Q, depletion growth is expected to accelerate to 8.Auction.com sells $65 million in commercial assets MSD Partners held 5.6 million Yahoo shares at March 31. Yahoo had extended a $3 billion dutch auction through last week. About 65 million Yahoo shares were. Whether or not he sold, with the.Bair: 3,500 Mortgages Modified at IndyMac Under FDIC Program Fannie Mae closes 2015 risk-sharing program with latest deal with insurers MERS wins again; this time in Pennsylvania This secret about 2 rooms in your house could make all the difference What’s in your bag, Matoma? – What’s in your bag? is a recurring feature where we ask people to tell us a bit more about their everyday gadgets by opening their bags and hearts to us. This week, we’re featuring tropical house and.CoreLogic: 791,000 underwater homes return to positive equity New construction and rising prices should bring more homes, both new and old, on to the market in 2014, helping inventory return. underwater mortgages regain positive equity status during the.The Pennsylvania Department of State provides Pennsylvanians an online portal for viewing election returns in real-time as reports are received from the commonwealth’s 67 counties on Election Day. The portal also allows users to customize searches, receive timely updates, and view results on mobile devices, as well as provides direct links to.As part of its effort to reduce the taxpayers’ burden, Fannie mae announced friday that it completed its fifth and sixth credit risk-sharing transactions as part of its credit insurance risk transfer program. Through these latest deals, Fannie Mae said that it has acquired more than $800 million of insurance coverage on over $32 billion [.]OneWest claimed that it has modified 3,605 home loans under the Obama program and 14,750 loans under the FDIC program and other schemes from March to July. From September last year to February this year when IndyMac was still under FDIC supervision, a total of 16,158 home loans were modified.NASDAQ experiences system error New Research Reveals Disconnect Between Consumer Expectations and Today’s Shopping Experiences. sponsored by Manhattan Associates, Inc. (NASDAQ:MANH), there is a growing gap between today’s.LPS: US loan delinquency rate edges up 2.63% NAR chalked up the drop to tight. to drop Lender Processing Services (LPS) released its First Look report for August on Thursday, which found that the U.S. mortgage delinquency rate-which the.
Pension funds sue Wells Fargo, alleging executives breached fiduciary duties Ned Weinberger comments on Citi case alleging breach of fiduciary duty. The Oklahoma Firefighters Pension and Retirement System, Key West Municipal Firefighters and police officers’ retirement trust fund and Wells Fargo financial advisor filed a lawsuit recently.
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Wells Fargo employees sue over funds in retirement plans. The lawsuit, filed by employees led by John Meiners, from St. Louis, seeks to recoup excess fees and unrealized profits stemming from Wells Fargo’s alleged breach of fiduciary duties to all 401(k) participants over the last six years, the complaint said.
Chattanooga (Tenn.) Fire and Police Pension Fund has filed a lawsuit in Tennessee court against Wells Fargo, its custodian and trustee, alleging potential fraud and overcharging in its role as.
Wells Fargo will pay $62.5 million to settle suit over securities lending. The 30 ERISA plaintiffs were allowed to bring only one claim, which was breach of fiduciary duty. The 62 non-ERISA plaintiffs brought three claims: breach of fiduciary duty, breach of contract and violations of the Minnesota Consumer Fraud Act.
Institutional Retirement and Trust Breaching fiduciary duties can cost you It is critically important to understand the fees and expenses of your retirement plan and to follow a deliberate process in determining whether these fees and expenses are reasonable. As a plan sponsor, you face a broad range of key fiduciary issues
Pension funds sue Wells Fargo, alleging executives breached fiduciary duties Pension funds sue Wells Fargo, alleging executives breached fiduciary duties wells fargo cfo: Repurchase risk only applies to half its private mbs mortgage trustees seek .5b jpmorgan settlement. of law regarding fiduciary obligations in a limited liability company ("LLC")..
Target date Funds Focus of Wells Fargo 401k Suit. Wells Fargo faces a new lawsuit claiming 401k self-dealing on the part of $3 billion of employee retirement savings. plaintiffs allege the company funneled 401k plan assets into "expensive, under-performing" proprietary target date funds to enrich itself. Reuters reports.
Frankly, as a general matter, judges tend to know little about retirement. breach of fiduciary duty. Specifically, the 8th U.S. Circuit Court of Appeals said the plaintiff did not plead facts.