Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: PNC Financial Services Group
Current Parent Company: PNC Financial Services
Penalty: $6,100,000
Year: 2024
Date: June 14, 2024
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: PNC agreed to pay over $6 million to settle litigation alleging that BBVA Bancshares, which it acquired, had mismanaged its employee 401(k) plan.
Level of Government: federal
Action Type: private litigation
Court: Northern District of Alabama
Civil or Criminal Case: civil
Case ID: 2:19-cv-01135
Case Name: Ferguson et al v. BBVA Compass Bancshares Inc et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Pennsylvania
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
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.