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ARTICLE ID 193938

$________ – CONTRACT – DEFENDANTS TRANSFERRED OR DISTRIBUTED TO CLASS MEMBERS THE VALUE OF THEIR ACCOUNT AS OF THE EFFECTIVE DATE RATHER THAN THE PROCESSING DATE, RESULTING IN DEFENDANT RETAINING MONIES ALLEGED TO PROPERLY BELONG TO PLAINTIFF CLASS

USDC, District of Vermont

In this ERISA matter, the plaintiff class alleged that the defendant violated its fiduciary duty under law by failing to transfer any gains in the plaintiffs’ account which accrued between the date of the receipt of fully executed forms, and the effective date of the transfer. The plaintiffs allege that they were entitled to these monies which accrued on their accounts during this seven-day window...

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