April 10, 2024
Milliman Inc. said its directors had a limited duty related to alleged risky investments in employee retirement plans because responsibilities were delegated to a committee, in response to the Seattle federal judge who questioned during a trial's closing arguments Wednesday why the board "really didn't do much of anything."
April 01, 2024
Milliman's risky investments cost its employees' retirement plan more than $50 million and were part of a failed "experiment" to benefit its own bottom line, a class of employees told a Washington federal judge on Monday, kicking off a bench trial seeking to recover their losses.
February 09, 2024
A Washington federal judge refused to grant a win to a consulting company in a class action brought by a former worker who accused it of costing its 401(k) millions of dollars by offering risky investment options, teeing up the suit to head to trial in April.
October 10, 2023
A Washington federal judge approved a class of thousands of retirement plan participants in a suit accusing a consulting company of hurting its 401(k) plan by offering risky investment options, saying an arbitration agreement doesn't bar some workers from joining the class.
June 09, 2023
A former consulting company worker urged a Washington federal court to certify a class of 4,300 retirement plan participants in her lawsuit alleging the company cost its 401(k) millions of dollars by offering risky investment options, saying there's a common interest in securing a remedy.
December 14, 2022
Consulting company Milliman Inc. can't escape a proposed class action claiming the company cost its retirement plan tens of millions of dollars by offering risky investment options, after a Washington federal judge said the lawsuit includes enough detail to move forward.
January 13, 2022
Workers hit consulting company Milliman Inc. with a proposed class action in Seattle federal court Thursday, saying the company ran afoul of the Employee Retirement Income Security Act by offering risky investment options that caused its retirement plan to lose $85 million.