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Velazquez v. Massachusetts Financial Services Company, et al.
Case No. 1:17-cv-11249 (D. Mass)

On September 7, 2017 we filed a lawsuit on behalf of participants in the Massachusetts Financial Services Company Defined Contribution Plan and the Massachusetts Financial Services Company MFSavings Retirement Plan (the “Plans”). The lawsuit alleges that the Plans’ fiduciaries (the Defendants in the case) violated the Employee Retirement Income Security Act (ERISA) by failing to act in the interest of Plans participants and beneficiaries and promoting the business interests of MFS at the expense of the Plan and its participants.

The lawsuit seeks to recover the Plan’s financial losses and obtain injunctive and other equitable relief from the Defendants.  For a copy of the Complaint, click here.

Type of Case

ERISA Violations


Additional Information

What Is A Class Action?

In a class action lawsuit, one or more people, called the “class representatives,” sue on behalf of themselves and other people who have similar claims. Together, this group of people is called a “class” or “class members.” The class representative and the class members together are called the “Plaintiffs.” The companies they sue are called the “Defendants.” The judge or jury resolves the claims for everyone in the class—except those who ask to be excluded from the lawsuit.

How Long Will This Case Take?

Class actions can often take years.  Please check this page periodically for updates on the case’s status.

How Can I Help?

As part of our investigatory efforts, we are interested in speaking with others who believe they have been shortchanged within their retirement plan.

You may contact us toll free at 1-877-448-0492, write to us at Nichols Kaster, PLLP, 4600 IDS Center, 80 South Eighth Street, Minneapolis, MN 55402, or email our Class Action Clerk, Sean Kelly, at

Case Updates

  • July 19, 2018

    MFS Update

    On July 19, 2018, the Court entered an order denying in part and granting in part the Defendants’ motion to dismiss.

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