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Diebold et al. v. Northern Trust Investments, N.A. et al.

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The Settlement 




The Case


In this Action, Plaintiffs, represented by SWCKW and co-counsel, allege, among other things, that Defendants improperly invested collateral received to secure the loan of securities from the Commingled Lending Funds, and that Defendants had charged and collected impermissibly high securities lending fees from the Commingled Lending Funds. Plaintiffs allege that Defendants' alleged conduct gave rise to claims for breaches of fiduciary duty, and violations of ERISA's prohibited transaction rules. 

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