Lawsuit

Renowned Investor Counsel ROSEN Advises Intel Corporation Investors to Seek Counsel Ahead of Key Deadline in Securities Class Action Lawsuit – INTC

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Renowned Investor Counsel ROSEN Advises Intel Corporation Investors to Seek Counsel Ahead of Key Deadline in Securities Class Action Lawsuit – INTC

Renowned investor advisor, Rosen Law Firm, is urging investors in Intel Corporation to seek advice before the upcoming July 2, 2024, Lead Plaintiff Deadline in a securities class lawsuit. The lawsuit pertains to securities purchased between January 25, 2024, and April 25, 2024, with the firm offering potential compensation through a contingency fee arrangement. Rosen … Read more

Cisco successfully defends against BlackRock TDF lawsuit once more, but…

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Cisco successfully defends against BlackRock TDF lawsuit once more, but…

The fiduciaries involved in a lawsuit regarding BlackRock LifePath’s target-date funds were able to avoid legal consequences by arguing that they prioritized low fees and overlooked underperformance. This is a recurring pattern in lawsuits against BlackRock LifePath’s target-date funds, where fiduciaries defend their actions based on cost considerations and performance evaluations. Article Source https://www.napa-net.org/news-info/daily-news/cisco-again-fends-blackrock-tdf-suit

Cisco’s Former Employees’ Lawsuit against BlackRock Funds Put on Hold, Temporarily – Law360

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Cisco’s Former Employees’ Lawsuit against BlackRock Funds Put on Hold, Temporarily – Law360

In a recent development, a federal judge in California has thrown out a class-action lawsuit brought by former employees against Cisco. The lawsuit alleged that Cisco had violated federal benefits laws by offering BlackRock funds as investment options in its $16.4 billion 401(k) plan. The judge ruled in favor of Cisco, stating that the former … Read more

Google issues payment to DOJ while seeking to avoid trial by jury in lawsuit over digital advertisements

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Google issues payment to DOJ while seeking to avoid trial by jury in lawsuit over digital advertisements

Google has decided to pay the full amount of damages proposed by the US government in order to avoid a risky jury trial in a case brought by the Justice Department targeting its alleged monopoly in the digital advertising market. The Department of Justice sought monetary damages on behalf of government entities that were allegedly … Read more

Cisco Emerges Victorious in Lawsuit Concerning 401(k) Plan’s BlackRock Funds

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A federal judge recently dismissed a proposed class action lawsuit against Cisco Systems Inc. over its use of BlackRock Inc. target date funds in its employees’ 401(k) plan. Participants in Cisco’s retirement plan had raised concerns about how the company monitored the BlackRock funds, claiming that the comparison to “personalized benchmarks” was not helpful. However, … Read more