Case: Depot

Workers Fight Home Depot’s Move To Ax 401(k) Suit

October 12th, 2018

By Emily Brill Law360 (October 12, 2018, 8:51 PM EDT) — Home Depot Inc. workers fired back Thursday at their employer’s attempt to torpedo a proposed class action over 401(k) plan management, telling a Georgia federal judge the retail giant sat back and watched as the plan underperformed and workers paid excessive fees for algorithm-generated […]

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Home Depot Says 401(k) Plan Members Can’t Prove Fault

August 28th, 2018

By Matthew Guarnaccia Law360 (August 28, 2018, 6:34 PM EDT) — Home Depot and related entities on Monday asked a Georgia federal judge to throw out a lawsuit by current and former employees over the alleged mismanagement of its 401(k) plan, arguing that they fail to show how the underperformance of offered investment options and […]

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Home Depot, Investment Advisors, Recordkeeper Face Massive 401(K) Fraud Class Action

May 13th, 2018

John Lohr Pension fund analyst, Securities Lawyer, Fiduciary expert, Everything Fiduciary Summary Home Depot, Financial Engines, Alight Financial Services face multiple charges around breach of fiduciary responsibility. The class currently represents over 200,000 participants and former participants, but is likely to grow. $140 million is the starting ask, but, that too is likely to climb. […]

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Home Depot sued for mismanaging retirement fund accounts

April 17th, 2018

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 was filed last week in U.S. District […]

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Home Depot Faces $140M Suit Over 401(k) Mismanagement

April 12th, 2018

By Emily Brill Law360 (April 12, 2018, 6:03 PM EDT) — Home Depot employees hit the retailer with a $140 million proposed class action in Georgia federal court Thursday alleging the company’s 401(k) plan mismanagement was so severe they would have to work 18 years past the retirement age to recoup all the money lost […]

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ERISA Fiduciary Breach Litigation Targets Home Depot, Financial Engines

April 12th, 2018

The text of the complaint includes substantial detail about the inner workings of the Home Depot retirement plan, and its relationships with advice providers Financial Engines and, later, Alight Financial Advisors. By John Manganaro The next Employee Retirement Income Security Act (ERISA) fiduciary breach complaint of 2018 has been filed, this one with the U.S. […]

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DC participants sue Home Depot, 2 advice providers over alleged fiduciary breaches

April 12th, 2018

BY ROBERT STEYER Two participants in Home Depot Inc.’s 401(k) plan have sued plan executives alleging that excessive fees and poor-performing investments represented a breach of their fiduciary duties under the Employee Retirement Income Security Act.​ The participants also sued Financial Engines and Alight Financial Advisors, both providers of investment advice to the plan, alleging […]

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Home Depot 401(k) Plan Latest Targeted with ERISA Fiduciary Breach Lawsuit

April 12th, 2018

Plaintiffs include in their complaint a substantial amount of backward-looking fund performance data to underpin their failure to monitor claims, comparing the Home Depot offerings to others that could have been purchased. By John Manganaro The next Employee Retirement Income Security Act (ERISA) fiduciary breach complaint of 2018 has been filed, this one with the […]

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Retirement Class Action Seeks $140M From Home Depot

April 12th, 2018

Home Depot: “We haven’t seen the suit yet, but we’re proud of the financial support and opportunities for saving that we provide our associates.” By Katheryn Tucker Atlanta-based Home Depot was hit Thursday with a potential class action lawsuit demanding $140 million in damages over pension fund management. The complaint filed Thursday in the U.S. […]

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Sanford Heisler Sharp Files $140 Million ERISA Class Case Against Home Depot On Behalf Of More Than 200,000 Retirement Plan Beneficiaries

April 12th, 2018

Suit alleges that Home Depot Places Employees in Poorly Performing Funds and Causes Employees to Overpay for Robo Investment Advice ATLANTA, April 12, 2018 /PRNewswire/ — Sanford Heisler Sharp, LLP and Blumenthal Nordrehaug Bhowmik De Blouw LLP filed a class complaint today in the U.S. District Court of the Northern District of Georgia, alleging that […]

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