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State Street faces ERISA suit charging self-dealing Print Participants in a $4.5 billion 401(k) plan sponsored by State Street Corp. have filed a class-action suit against the company, its subsidiaries and unnamed executives for alleged ERISA violations. The suit, filed Tuesday in federal court in Boston by Elizabeth Gomes and others on behalf of participants in the State Street Salary Savings Program, alleges that from May 25, 2015 to the present, State Street repeatedly and consistently selected investment funds managed by State Street or one of its subsidiaries for the plan over better-performing alternatives. The suit argues that the actions were done to financially benefit State Street to the detriment of the plan s performance and profitability, with State Street gaining more than $615 million in fees and other revenue and the plan to lose millions of dollars a year.

United statesBrendan paulElizabeth gomesAmandaf lawrenceScott attorneys at lawSalary savings programState streetState street salary savings programScott attorneysஒன்றுபட்டது மாநிலங்களில்பிரெண்டன் பால்எலிசபெத் கோம்ஸ்ஸ்காட் வழக்கறிஞர் இல் சட்டம்நிலை தெருஸ்காட் வழக்கறிஞர்