Waddell & Reed Financial Reaches $4.9M Deal In ERISA Row

Nov 20, 2018 - Law360
Waddell & Reed Financial Inc. has agreed to pay nearly $5 million to settle a proposed class’ claims that the financial planning company wrongly chose affiliated investment options for its 401(k) plan over cheaper, better-performing alternatives in violation of the Employee Retirement Income Security Act, according to filings in Kansas federal court. Read More