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After 13 Years, Haddock v. Nationwide Settles for $140,000,000
The Lowenbaum Partnership and FRA PlanTools Link to more items from this source
Dec. 15, 2014
"Originally filed in 2001, the lawsuit concerned the plaintiffs' allegation that Nationwide received undisclosed revenue sharing payments from non-proprietary mutual funds in violation of ERISA.... The settlement also calls for extensive non-monetary relief ... [T]his is the most substantial settlement ever in an ERISA fiduciary breach case involving the receipt of revenue sharing by a service provider."

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