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Goldman Sachs Group Inc. won dismissal of a proposed class action by tens of thousands of employees over its alleged imprudent use of high-cost, underperforming in-house mutual funds as investment options in their retirement plan, Reuters reports. U.S. District Judge Edgardo Ramos in Manhattan found no proof that Goldman's 401(k) retirement committee's decision to use five funds managed by Goldman Sachs Asset Management created a conflict of interest because the affiliate received management fees.
1. FTC refunds customers for fraudulent health plans sold by Benefytt
2. Health systems consider dropping Medicare Advantage plans due to financial losses
3. UnitedHealth faces rising lawsuits following Change Healthcare cyberattack
4. MedPAC calls for 'major overhaul' of Medicare Advantage policies
5. Medicare to cover Novo Nordisk's weight-loss drug for heart patients
6. AT&T faces second lawsuit over $8 billion pension risk transfer