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Violation Tracker Individual Record

Company: Cumulus Media Inc.
Current Parent Company: Cumulus Media
Penalty: $1,000,000
Year: 2023
Date: July 11, 2023
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Cumulus Media agreed to pay $1 million to settle litigation alleging its 401(k) plan charged excesssive fees and made poor investments.
Level of Government: federal
Action Type: private litigation
Court: Northern District of Georgia
Civil or Criminal Case: civil
Case ID: 1:22-cv-04956
Case Name: Dean et al v. Cumulus Media, Inc. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Georgia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: media
Specific Industry of Current Parent: broadcasting
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.