April 16, 2025
A federal judge in Pennsylvania has ruled that counsel representing two union elevator industry workers should be awarded $950,000 in legal fees, down from the attorneys' initial request of $1.7 million for settling a nearly 30,000-member class action over the management of a union 401(k) plan.
February 25, 2025
Lawyers for two elevator company employees who settled a proposed class action against their union's retirement plan for $5 million asked a Pennsylvania federal judge to approve about $1.7 million in attorney fees, saying it represents the standard one-third fee dispensed in these cases.
August 23, 2024
Two elevator workers asked a Pennsylvania federal court to sign off on a $5 million settlement that would wrap up a proposed class action alleging their union's retirement plan was loaded with excessive administrative fees and shoddy investment options.
November 02, 2023
Two elevator workers asked a Pennsylvania federal court to approve a nearly 30,000-member class in their suit alleging their union's retirement plan was plagued by excessive administrative fees and substandard investment options, arguing they can represent the plan even if they didn't personally invest in every challenged fund.
June 08, 2023
Two workers' claims that the board of trustees for a union's annuity and retirement plan breached its fiduciary duty can move forward in a proposed class action, a Pennsylvania federal judge ruled, saying Third Circuit precedent shields the allegations from dismissal at this stage.