Settled · 2023 · $124.6M
DST Systems / Ruane, Cunniff & Goldfarb 401(k) Lawsuit
401(k) plan · See all 401(k) matters
Allegation language only. The following describes claims made in public filings or reporting. No defendant is described as guilty or liable unless a court has so found. Settled matters resolved without an admission of liability.
What the lawsuit alleges
Alleged a significant share of plan assets was imprudently concentrated in one volatile biotech stock. Reported settled for $124.6 million in 2023.
Who may be affected
Current and former participants and beneficiaries of the DST Systems / Ruane, Cunniff & Goldfarb 401(k) 401(k) plan during the relevant class period. Eligibility depends on the plan, role, and dates of participation — request a free review to confirm.
Case status & source
Status: Settled (2023) · Reported amount: $124.6M.
- Primary source pending — attach the verified public link (court filing, DOL release, or reputable outlet) before publishing.
Related practice area
401(k) plan litigation overview · All plan & employer lawsuits
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