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Crypto 401(k) Warning Casts Shadow Over T. Rowe Price Settlement
Bloomberg Law 
Apr. 28, 2022 "Pressure is mounting on the [DOL] to back off its guidance against cryptocurrency investing ... The potential consequences of the anti-crypto guidance ... have already prompted global money manager T. Rowe Price Group Inc. to pump the brakes on an $18 million class action settlement agreed to in January.... [T]he $18 million value the company agreed to in that deal doesn't take into account the added costs the [DOL's] new brokerage window interpretation could add to the company, said [T. Rowe Price attorney Brian Boyle]." [[Feinberg v. T. Rowe Price Group, Inc., No. 17-0427, (D. Md. brief in support of settlement agreement Apr. 9, 2022; response of defendant Apr. 25, 2022)] MORE >> |
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