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Violation Tracker Individual Record

Company: University of Southern California
Penalty: $13,050,000
Year: 2023
Date: August 24, 2023
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: USC agreed to pay $13 million to settle litigation alleging its two retirement plan burdened participants with high fees and poorly performing assets.
Level of Government: federal
Action Type: private litigation
Court: Central District of California
Civil or Criminal Case: civil
Case ID: 2:16-cv-06191
Case Name: Allen L. Munro et al v. University of Southern California et al
Private Lawsuit Resolution Type: settlement
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.