American Chemicals & Equipment Inc. 401(K) Retirement Plan v. Principal Management Corporation
American Chemicals & Equipment Inc. 401(K) Retirement Plan v. Principal Management Corporation, et al., a case involving claims brought by ACE 401(k) Plan, on behalf of the shareholders of six mutual funds, against the investment advisors for those funds. Plaintiff alleges that the defendants breached their statutory fiduciary duty under Section 36(b) of the Investment Company Act of 1940 (“ICA”), 15 U.S.C. § 80a-35(b), by charging unfair and excessive fees for their advisory services and retaining excess profits derived from economies of scale.
In re Cox Enterprises, Inc. Set-Top Cable Television Box Antitrust Litigation, Peiffer Rosca is on the plaintiff’s steering committee this multi-district litigation consolidating numerous regional antitrust class actions involving allegations that Cox illegally tied rental of its cable set-top boxes to the provision of cable television services. The court recently certified the first regional class that it considered, and Peiffer Rosca was approved as co-class counsel in that action.