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Violation Tracker Individual Record

Company: Healthways, Inc.
Penalty: $1,250,000
Year: 2011
Date: April 25, 2011
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Healthways agreed to pay $1.25 million to settle litigation alleging that it breached its fiduciary duty by allowing employee 401(k) funds to be invested in company stock even though executives allegedly knew that was a risky move.
Level of Government: federal
Action Type: private litigation
Court: Middle District of Tennessee
Civil or Criminal Case: civil
Case ID: 3:10-cv-0109
Case Name: Coppess v. Healthways, Inc 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.