{"id":493,"date":"2017-08-04T21:00:06","date_gmt":"2017-08-04T21:00:06","guid":{"rendered":"http:\/\/nixlaw.wpengine.com\/?post_type=news&#038;p=493"},"modified":"2025-08-13T00:01:41","modified_gmt":"2025-08-13T00:01:41","slug":"nix-patterson-roach-llp-files-class-action-lawsuit-against-morningstar-prudential-over-robo-adviser","status":"publish","type":"news","link":"https:\/\/nixlaw.com\/es\/practice-areas\/class-action\/nix-patterson-roach-llp-files-class-action-lawsuit-against-morningstar-prudential-over-robo-adviser\/","title":{"rendered":"NP Files Lawsuit Against Morningstar &amp; Prudential Over Robo-Adviser"},"content":{"rendered":"<p>Morningstar, Inc. and two retirement-focused subsidiaries of Prudential Financial, Inc. were hit with a proposed class action in Illinois federal court Thursday, with investors accusing the companies of colluding to design a robot-adviser program to steer them toward investments that paid Prudential high fees.<\/p>\n<p>The suit, filed by an investor in a 401(k) program for employees of pest control company Rollins, Inc., claims Prudential Investment Management Services, Inc. and Prudential Retirement Insurance and Annuity Company worked with Morningstar to develop robot-adviser software GoalMaker, designing it to recommend expensive investments that earned Prudential millions in fees. The suit is seeking compensatory damages, treble damages and attorneys&#8217; fees.<\/p>\n<p>The proposed class is represented by NP\u00a0<em>Of Counsel<\/em> attorney\u00a0Austin Tighe and NP partner Michael Angelovich.<\/p>\n<p>Read the full <em>Law360<\/em> article below:<\/p>\n<figure id=\"attachment_641\" aria-describedby=\"caption-attachment-641\" style=\"width: 75px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/nixlaw.com\/wp-content\/uploads\/2023\/01\/8-4-17-Tighe-Morningstar.pdf\"><img decoding=\"async\" class=\"wp-image-641\" src=\"https:\/\/nixlaw.com\/wp-content\/uploads\/2023\/01\/NP-ARTICLE-NEW-PDF.jpg\" alt=\"NP article\" width=\"75\" height=\"98\" \/><\/a><figcaption id=\"caption-attachment-641\" class=\"wp-caption-text\"><small><em><strong>Law 360<\/strong><\/em><\/small><br \/><small> 08\/04\/17<\/small><\/figcaption><\/figure>\n","protected":false},"featured_media":0,"parent":0,"menu_order":0,"template":"","meta":{"_acf_changed":false},"categories":[],"tags":[],"news_attorney_categories":[48,19],"news_categories":[24],"news_practice_areas":[307],"news_years":[],"class_list":["post-493","news","type-news","status-publish","hentry","news_attorney_categories-austin-tighe","news_attorney_categories-michael-angelovich","news_categories-mentions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Morningstar &amp; Prudential Class Action | Nix Patterson<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nixlaw.com\/practice-areas\/class-action\/nix-patterson-roach-llp-files-class-action-lawsuit-against-morningstar-prudential-over-robo-adviser\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morningstar &amp; Prudential Class Action | Nix Patterson\" \/>\n<meta property=\"og:description\" content=\"Morningstar, Inc. and two retirement-focused subsidiaries of Prudential Financial, Inc. were hit with a proposed class action in Illinois federal court Thursday, with investors accusing the companies of colluding to design a robot-adviser program to steer them toward investments that paid Prudential high fees. The suit, filed by an investor in a 401(k) program for [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nixlaw.com\/practice-areas\/class-action\/nix-patterson-roach-llp-files-class-action-lawsuit-against-morningstar-prudential-over-robo-adviser\/\" \/>\n<meta property=\"og:site_name\" content=\"Nix Patterson, LLP\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Nix-Patterson-Roach-LLP-560328770976672\/\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-13T00:01:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nixlaw.com\/wp-content\/uploads\/2022\/12\/Screen-Shot-2022-12-23-at-11.58.57-AM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1522\" \/>\n\t<meta property=\"og:image:height\" content=\"940\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Morningstar & Prudential Class Action | Nix Patterson","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nixlaw.com\/practice-areas\/class-action\/nix-patterson-roach-llp-files-class-action-lawsuit-against-morningstar-prudential-over-robo-adviser\/","og_locale":"es_ES","og_type":"article","og_title":"Morningstar & Prudential Class Action | Nix Patterson","og_description":"Morningstar, Inc. and two retirement-focused subsidiaries of Prudential Financial, Inc. were hit with a proposed class action in Illinois federal court Thursday, with investors accusing the companies of colluding to design a robot-adviser program to steer them toward investments that paid Prudential high fees. The suit, filed by an investor in a 401(k) program for [&hellip;]","og_url":"https:\/\/nixlaw.com\/practice-areas\/class-action\/nix-patterson-roach-llp-files-class-action-lawsuit-against-morningstar-prudential-over-robo-adviser\/","og_site_name":"Nix Patterson, LLP","article_publisher":"https:\/\/www.facebook.com\/Nix-Patterson-Roach-LLP-560328770976672\/","article_modified_time":"2025-08-13T00:01:41+00:00","og_image":[{"width":1522,"height":940,"url":"https:\/\/nixlaw.com\/wp-content\/uploads\/2022\/12\/Screen-Shot-2022-12-23-at-11.58.57-AM.png","type":"image\/png"}],"twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/nixlaw.com\/practice-areas\/class-action\/nix-patterson-roach-llp-files-class-action-lawsuit-against-morningstar-prudential-over-robo-adviser\/","url":"https:\/\/nixlaw.com\/practice-areas\/class-action\/nix-patterson-roach-llp-files-class-action-lawsuit-against-morningstar-prudential-over-robo-adviser\/","name":"Morningstar & Prudential Class Action | Nix Patterson","isPartOf":{"@id":"https:\/\/nixlaw.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nixlaw.com\/practice-areas\/class-action\/nix-patterson-roach-llp-files-class-action-lawsuit-against-morningstar-prudential-over-robo-adviser\/#primaryimage"},"image":{"@id":"https:\/\/nixlaw.com\/practice-areas\/class-action\/nix-patterson-roach-llp-files-class-action-lawsuit-against-morningstar-prudential-over-robo-adviser\/#primaryimage"},"thumbnailUrl":"https:\/\/nixlaw.com\/wp-content\/uploads\/2023\/01\/NP-ARTICLE-NEW-PDF.jpg","datePublished":"2017-08-04T21:00:06+00:00","dateModified":"2025-08-13T00:01:41+00:00","breadcrumb":{"@id":"https:\/\/nixlaw.com\/practice-areas\/class-action\/nix-patterson-roach-llp-files-class-action-lawsuit-against-morningstar-prudential-over-robo-adviser\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nixlaw.com\/practice-areas\/class-action\/nix-patterson-roach-llp-files-class-action-lawsuit-against-morningstar-prudential-over-robo-adviser\/"]}]},{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/nixlaw.com\/practice-areas\/class-action\/nix-patterson-roach-llp-files-class-action-lawsuit-against-morningstar-prudential-over-robo-adviser\/#primaryimage","url":"https:\/\/nixlaw.com\/wp-content\/uploads\/2023\/01\/NP-ARTICLE-NEW-PDF.jpg","contentUrl":"https:\/\/nixlaw.com\/wp-content\/uploads\/2023\/01\/NP-ARTICLE-NEW-PDF.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/nixlaw.com\/practice-areas\/class-action\/nix-patterson-roach-llp-files-class-action-lawsuit-against-morningstar-prudential-over-robo-adviser\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Nix Patterson, LLP","item":"https:\/\/nixlaw.com\/es\/"},{"@type":"ListItem","position":2,"name":"NP Files Lawsuit Against Morningstar &amp; 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