Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Prudent Fiduciary Services
Penalty: $8,700,000
Year: 2023
Date: June 22, 2023
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Violation Description: Prudent Fiduciary agreed to an $8.7 million deal to settle litigtion brought by participants in an employee stock ownership plan at World Travel Inc. who alleged the plan was overcharged when it purchased shares from three of the founders of World Travel.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Pennsylvania
Civil or Criminal Case: civil
Case ID: 2:21-cv-02157
Case Name: Ahrendsen et al v. Prudent Fiduciary Services, LLC et al
Private Lawsuit Resolution Type: settlement
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
Link to Archived Court Document:  subscribe to see this data field
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.