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Violation Tracker Individual Record

Company: T. Rowe Price Group, Inc.
Current Parent Company: T. Rowe Price
Penalty: $7,000,000
Year: 2022
Date: July 6, 2022
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: T. Rowe Price agreed to pay $7 million to settle class action litigation brought by a group of retirees alleging that the company mismanaged their retirement plan.
Level of Government: federal
Action Type: private litigation
Court: District of Maryland
Civil or Criminal Case: civil
Case ID: 1:17cv427
Case Name: Feinberg v. T. Rowe Price Group, Inc. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Maryland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
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.