Robert Steyer

Robert Steyer is a Reporter at Pensions & Investments (pionline.com) covering Defined Contribution.

Practice: Defined Contribution

Contact:
Org: 💫 Pensions & Investments

📞 212-210-0180
✉️ [email protected]

PwC to pay $267 million to settle ERISA lawsuit

Sept. 20, 2022

Robert Steyer

Concerns: PwC Employee Treatment• Ethics

Topics: ERISA

Case Files: Laurent vs PricewaterhouseCoopers (pwc)

PricewaterhouseCoopers agreed to pay $267 million to settle a 16-year lawsuit filed by participants in a company pension plan who claimed they were shortchanged because fiduciaries incorrectly calculated lump-sum payments for a cash balance plan in violation of ERIS…