TIAA Cash Sweep Class Action

Did TIAA Pay You Unreasonably Low Interest on Your IRA Cash?

Kehoe Law Firm is evaluating potential claims on behalf of TIAA customers with individual retirement accounts (“IRAs”) whose uninvested cash was placed in the Bank Deposit Sweep Program and who may have been credited interest at allegedly unreasonably low rates.

A proposed class action against TIAA-CREF Individual & Institutional Services, LLC (doing business through TIAA Brokerage Division) and TIAA Trust, N.A. alleges that TIAA automatically swept uninvested cash in certain IRAs into a bank deposit sweep program that paid unreasonably low interest rates, even though higher-yielding options allegedly were available for eligible accounts.

If you have or had a TIAA IRA and uninvested cash was placed in TIAA’s Bank Deposit Sweep Program, contact Kehoe Law Firm to discuss your account and potential legal rights without cost or obligation.

Details of the TIAA Cash Sweep Class Action

On September 1, 2026, a proposed class action, Powlen v. TIAA-CREF Individual & Institutional Services, LLC and TIAA Trust, N.A., Case No. 1:26-cv-07494, was filed in the U.S. District Court for the Southern District of New York. The complaint challenges TIAA’s automatic Bank Deposit Sweep Program for certain IRA customers.

The complaint alleges that eligible uninvested cash was automatically swept into FDIC-insured bank deposit accounts while a higher-yielding money market fund option was available through TIAA’s platform. It further alleges that TIAA’s agreements promised that swept deposits would bear a “reasonable rate of interest,” but the rates credited to customers remained materially below short-term market benchmarks and TIAA’s own higher-yielding alternatives.

What Does the Complaint Allege?

According to the complaint, TIAA’s bank sweep rate changed only modestly while short-term interest rates rose substantially. For example, the complaint alleges that by June 2023 the Federal Funds Rate was 5.08% while the TIAA sweep rate was 1.00%. It also alleges that TIAA displayed materially higher rates for certain managed, overflow and money market options while keeping eligible customers in the lower-yield bank sweep program.

The complaint alleges that TIAA and its affiliates benefited economically from swept customer cash and that TIAA’s compensation structure created incentives to use sweep options that generated greater compensation. Customers allegedly received less interest than they would have received if TIAA had paid a reasonable rate or used available higher-yielding options.

Who Is Included in the Proposed Class?

The complaint seeks to represent all individual retirement account customers of the defendants who had cash deposits or balances in the defendants’ Bank Deposit Sweep Programs within the applicable statute of limitations.

Claims and Relief Sought

The complaint asserts claims for breach of contract and breach of the implied covenant of good faith and fair dealing. It seeks, among other relief, certification of the proposed class, damages including alleged lost interest, declaratory and appropriate injunctive or equitable relief, pre- and post-judgment interest, and attorneys’ fees and costs to the extent authorized.

TIAA Customers: Contact Kehoe Law Firm

TIAA customers with individual retirement accounts may have potential claims if their uninvested cash was placed in the Bank Deposit Sweep Program and credited interest at allegedly unreasonably low rates.

If you have or had a TIAA IRA with cash held in the Bank Deposit Sweep Program, contact Kehoe Law Firm to discuss your account and legal rights.

For a free, no-obligation legal evaluation, contact:

Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
[email protected]
[email protected]

    About Kehoe Law Firm, P.C.

    Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

    Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.

    SEND US A MESSAGE

    Contact Us

    ADDRESS

    Kehoe Law Firm, P.C.
    2001 Market Street
    Suite 2500
    Philadelphia, PA 19103

    PHONE

    Tel: 215-792-6676

    EMAIL

    [email protected]

    Nikon Tariff Refund Class Action – Consumer Claims

    A proposed class action filed against Nikon Americas Inc. and Nikon Inc. alleges that consumers paid higher prices for Nikon products because tariff-related costs were passed through to customers, while Nikon is separately pursuing refunds of duties imposed under the International Emergency Economic Powers Act (IEEPA).

    If you purchased Nikon, Hermès, Swatch, or other imported consumer products and paid higher prices tied to IEEPA tariffs, Kehoe Law Firm is evaluating potential consumer claims involving tariff-related price increases and potential refunds of those increased costs. Contact Kehoe Law Firm to discuss your purchase and legal rights without cost or obligation.

    Details of the Nikon Tariff Class Action

    On September 2, 2026, a proposed class action, Scheflen v. Nikon Americas Inc. and Nikon Inc., Case No. 2:26-cv-05455, was filed in the U.S. District Court for the Eastern District of New York. The complaint alleges that Nikon passed IEEPA-related tariff costs to consumers through increased pricing and is pursuing recovery of IEEPA duties through litigation in the U.S. Court of International Trade.

    According to the complaint, Nikon made the decision to increase its U.S. retail prices effective June 23, 2025. The complaint alleges that, as a direct result of Nikon’s pass-through pricing, consumers paid more for tariffed goods than they would have absent the IEEPA tariffs. It further alleges that Nikon filed multiple actions in the U.S. Court of International Trade on March 24, 2026 to recover IEEPA refunds and has made no commitment to return any portion of the anticipated tariff refunds to consumers who ultimately paid such costs.

    Who Is Included in the Proposed Class?

    The complaint seeks to represent a nationwide class of all individuals in the United States who purchased, through any retail channel, any Nikon product subject to the IEEPA-based tariffs from February 1, 2025 through February 24, 2026. It also seeks to represent a New York subclass consisting of members of the nationwide class who purchased any Nikon product in the State of New York during that period.

    What Does the Complaint Allege?

    The complaint alleges that Nikon increased U.S. retail prices effective June 23, 2025 to pass through costs associated with the IEEPA tariffs. As a result, consumers allegedly paid a tariff-related price premium on Nikon products subject to those tariffs.

    Nikon later filed multiple actions in the U.S. Court of International Trade seeking refunds of IEEPA duties. The complaint alleges that allowing Nikon to retain the tariff-related price premium paid by consumers while also recovering the same tariff costs from the federal government would result in a double recovery.

    Claims and Relief Sought

    The complaint asserts claims for unjust enrichment, money had and received, declaratory judgment, and, on behalf of the proposed New York subclass, violation of New York General Business Law § 349. It seeks, among other relief, certification of the proposed nationwide class and New York subclass, declaratory and equitable relief, actual, compensatory, and statutory damages, treble damages as allowed under New York law, restitution, attorneys’ fees and costs, and prejudgment and post-judgment interest.

    No class has been certified, and the allegations in the complaint have not been proven.

    Consumers Who Paid Tariff-Related Price Increases: Contact Kehoe Law Firm

    Kehoe Law Firm is evaluating potential consumer claims involving price increases tied to IEEPA tariffs and whether consumers may be entitled to recover amounts they paid as a result of those increases.

    If you purchased Nikon, Hermès, Swatch, or other imported consumer products and paid higher prices tied to IEEPA tariffs, contact Kehoe Law Firm to discuss your purchase and legal rights.

    For a free, no-obligation legal evaluation, contact:

    Michael Yarnoff, Esq.
    (215) 792-6676, Ext. 804
    [email protected]
    [email protected]

    About Kehoe Law Firm, P.C.

    Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

    Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.

     

     

     

    SEND US A MESSAGE

    Contact Us

    ADDRESS

    Kehoe Law Firm, P.C.
    2001 Market Street
    Suite 2500
    Philadelphia, PA 19103

    PHONE

    Tel: 215-792-6676

    EMAIL

    [email protected]

    FuelCell Energy Securities Class Action – FCEL Investors

    FuelCell Energy Securities Class Action Filed

    A securities class action has been filed against FuelCell Energy, Inc. (“FuelCell” or the “Company”) (NASDAQ: FCEL) and certain of its officers on behalf of investors who purchased or otherwise acquired FuelCell securities between June 24, 2026 and September 1, 2026, inclusive (the “Class Period”), and were damaged thereby.

    The action is captioned Nguyen v. FuelCell Energy, Inc., et al., Case No. 1:26-cv-07953, filed September 11, 2026 in the U.S. District Court for the Southern District of New York. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder.

    Investors who purchased or otherwise acquired FuelCell securities between June 24, 2026 and September 1, 2026 may have legal rights and are encouraged to contact Kehoe Law Firm, P.C. to discuss their legal rights without cost or obligation.

    What Does the Complaint Allege?

    The complaint alleges that throughout the Class Period, the defendants made materially false and/or misleading statements and failed to disclose material adverse facts concerning FuelCell’s business, operations, and prospects.

    Specifically, the complaint alleges that the defendants failed to disclose that FuelCell’s manufacturing capacity was inadequate to generate the production rate required under its capital equipment purchase agreement (“CEPA”) with Fit Energy USA LP; that the annualized production rate for deliveries under the CEPA was slower than expected; and that FuelCell was incurring higher product costs and manufacturing overhead expenses as a result.

    The complaint further alleges that the slower production rate made it reasonably likely that FuelCell would incur charges in connection with the CEPA, that these circumstances constituted a known trend affecting the Company’s profitability, and that the defendants’ positive statements about FuelCell’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

    FuelCell’s September 2, 2026 Disclosures

    According to the complaint, on September 2, 2026, before the market opened, FuelCell reported its fiscal third-quarter 2026 financial results, including a net loss of $45.3 million.

    FuelCell disclosed that the gross loss from product revenues reflected product costs and manufacturing overhead that exceeded the contractual pricing established under the CEPA with Fit Energy. The Company reported an annualized production rate of approximately 37.1 MW during the quarter, which remained below the production volume at which FuelCell expected its cost structure to align with market-based pricing for orders of that scale.

    FuelCell also recorded $17.0 million in charges associated with specific inventory and firm purchase commitments arising from Phase 0 of the CEPA with Fit Energy.

    The complaint alleges that, following these disclosures, FuelCell shares fell $2.68, or 15.69%, to close at $14.40 per share on September 2, 2026, on unusually heavy trading volume.

    November 10, 2026 Lead Plaintiff Deadline

    Investors who wish to seek appointment as lead plaintiff must do so by November 10, 2026. Investors do not need to seek appointment as lead plaintiff to remain potential members of the proposed class or to be eligible to share in any potential recovery. 

    FuelCell Energy Investors: Contact Kehoe Law Firm

    Investors who purchased or otherwise acquired FuelCell Energy securities between June 24, 2026 and September 1, 2026 and suffered financial losses are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form or send us a message to discuss their legal rights without cost or obligation.

    For a free, no-obligation legal evaluation, contact:

    Michael Yarnoff, Esq.
    (215) 792-6676, Ext. 804
    [email protected]
    [email protected]

      About Kehoe Law Firm, P.C.

      Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

      Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.

      SEND US A MESSAGE

      Contact Us

      ADDRESS

      Kehoe Law Firm, P.C.
      2001 Market Street
      Suite 2500
      Philadelphia, PA 19103

      PHONE

      Tel: 215-792-6676

      EMAIL

      [email protected]

      Hims & Hers Health Securities Class Action – HIMS

      A securities class action has been filed against Hims & Hers Health, Inc. (“Hims” or the “Company”) (NYSE: HIMS) and certain executive officers on behalf of investors who purchased or otherwise acquired Hims securities between August 4, 2025 and July 29, 2026, inclusive (the “Class Period”).

      The action, Velanki v. Hims & Hers Health, Inc., et al., Case No. 5:26-cv-09313-EKL, was filed on September 1, 2026 in the U.S. District Court for the Northern District of California. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

      If you acquired Hims securities during the Class Period and suffered a financial loss, contact Kehoe Law Firm to discuss your legal rights without cost or obligation.

      What Does the Hims & Hers Health Securities Class Action Allege?

      The complaint alleges that Hims made materially false and/or misleading statements and failed to disclose material adverse facts concerning the Company’s business, operations, and prospects.

      Specifically, the complaint alleges that Hims shared consumers’ health information with third-party advertising platforms and charged consumers for prescriptions almost immediately after they submitted an intake form, despite telling consumers that they would be able to consult with a medical provider to find a treatment that was “right for them.”

      The complaint further alleges that this conduct subjected Hims to regulatory scrutiny and made Hims reasonably likely to incur fees and penalties. As a result, the complaint alleges that defendants’ positive statements about Hims’ business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

      The July 29, 2026 FTC Lawsuit and HIMS Stock Decline

      According to the complaint, on July 29, 2026, during market hours, the Federal Trade Commission announced that it had filed a lawsuit against Hims alleging that the telehealth provider shared consumers’ sensitive health information with third-party advertising platforms, despite claiming that its services maintained consumers’ privacy, and deceived users about its billing and cancellation practices.

      The complaint further alleges that, on this news, HIMS shares declined $4.32, or 14.73%, to close at $25.00 on July 29, 2026, on unusually heavy trading volume.

      Review the Hims & Hers Health Securities Class Action Complaint

      IMPORTANT: This action is distinct from the earlier Hims & Hers securities litigation, which involves allegations concerning the Company’s relationship with Novo Nordisk and was consolidated as In re Hims & Hers Health, Inc. Securities Litigation, No. 25-cv-05315.

      Hims & Hers Health Investors: Contact Kehoe Law Firm

      Investors who purchased or otherwise acquired Hims securities during the Class Period and suffered financial losses are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form or send us a message to discuss their legal rights.

      For a free, no-obligation legal evaluation, contact:

      Michael Yarnoff, Esq.
      (215) 792-6676, Ext. 804
      [email protected]
      [email protected]

      Lead Plaintiff Deadline: November 2, 2026. Investors who wish to seek appointment as lead plaintiff must do so by November 2, 2026. Investors do not need to seek appointment as lead plaintiff to remain potential members of the proposed class or to be eligible to share in any potential recovery.

       

        About Kehoe Law Firm, P.C.

        Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

        Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.

        SEND US A MESSAGE

        Contact Us

        ADDRESS

        Kehoe Law Firm, P.C.
        2001 Market Street
        Suite 2500
        Philadelphia, PA 19103

        PHONE

        Tel: 215-792-6676

        EMAIL

        [email protected]

        York Space Systems Securities Class Action – YSS

        A securities class action has been filed against York Space Systems Inc. (“York” or the “Company”) (NYSE: YSS) and certain officers and other defendants on behalf of investors who purchased or otherwise acquired: (a) York common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s January 2026 initial public offering; and/or (b) York securities between January 29, 2026 and May 11, 2026, inclusive (the “Class Period”).

        The action, Ianelli v. York Space Systems Inc., et al., Case No. 1:26-cv-04074, was filed on August 31, 2026 in the U.S. District Court for the District of Colorado. The complaint asserts claims under Sections 11 and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

        If you acquired York securities in connection with the IPO or during the Class Period and suffered a financial loss, contact Kehoe Law Firm to discuss your legal rights without cost or obligation.

        What Does the York Space Systems Securities Class Action Allege?

        The complaint alleges that York’s registration statement and certain public statements were materially false and/or misleading and failed to disclose material adverse information concerning the Company’s business, operations, and prospects. Specifically, the complaint alleges that defendants failed to disclose that:

        • York’s onboard mission and payload software was not fully functional before satellites were launched;
        • This alleged ongoing trend presented a risk to York’s contracts with the U.S. Space Development Agency (“SDA”); and
        • As a result, defendants’ positive statements about York’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

        The May 11, 2026 Report and YSS Stock Decline

        According to the complaint, on May 11, 2026, Wolfpack Research published a report citing former employees who claimed, among other things, that York launched satellites before mission-critical software was fully developed. Wolfpack Research also suspected that the Pentagon’s decision to halt Tranche 3 funding may have been related to York’s alleged software and performance issues.

        The complaint alleges that, on this news, YSS stock fell approximately $7 during intraday trading on May 11, 2026, on unusually heavy trading volume. By the commencement of the action, York’s stock was trading as low as $9.33 per share, more than 70% below the $34.00 per-share IPO price.

        Review the York Space Systems Securities Class Action Complaint

        York Space Systems Investors: Contact Kehoe Law Firm

        Investors who acquired York common stock in connection with the January 2026 IPO and/or York securities during the Class Period and suffered financial losses are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form or send us a message to discuss their legal rights.

        For a free, no-obligation legal evaluation, contact:

        Michael Yarnoff, Esq.
        (215) 792-6676, Ext. 804
        [email protected]
        [email protected]

        Lead Plaintiff Deadline: October 30, 2026. Investors who wish to seek appointment as lead plaintiff must do so by October 30, 2026. Investors do not need to seek appointment as lead plaintiff to remain potential members of the proposed class or to be eligible to share in any potential recovery.

         

          About Kehoe Law Firm, P.C.

          Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

          Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.

          SEND US A MESSAGE

          Contact Us

          ADDRESS

          Kehoe Law Firm, P.C.
          2001 Market Street
          Suite 2500
          Philadelphia, PA 19103

          PHONE

          Tel: 215-792-6676

          EMAIL

          [email protected]

          Levi Strauss Tariff Refund Class Action

          Did You Purchase Levi’s Products at Prices Allegedly Increased Because of Tariffs?

          A proposed class action has been filed against Levi Strauss & Co. (“Levi Strauss”) alleging that consumers paid higher prices for Levi’s-branded products because IEEPA tariff costs were passed through in retail prices and that consumers have not been refunded the alleged tariff-related price premiums.

          The lawsuit, Wilson v. Levi Strauss & Co., Case No. 2:26-cv-01904-JTM-MBN, was filed on August 28, 2026, in the U.S. District Court for the Eastern District of Louisiana.

          What Does the Levi Strauss Class Action Allege?

          According to the complaint, Levi Strauss imports products through a global supply chain and incorporated IEEPA tariff-related costs into prices charged to U.S. consumers. The plaintiff alleges that she purchased Levi’s apparel online in February 2026 and would have paid less, or would not have paid the allegedly tariff-inflated price, if those costs had not been passed on.

          The complaint further alleges that, after the U.S. Supreme Court held that IEEPA did not authorize the challenged tariffs, Levi Strauss became eligible to seek or receive tariff refunds while retaining the alleged tariff-related price premiums paid by consumers.

          This lawsuit is part of a broader developing issue involving tariff-related consumer prices and potential refunds. Learn more about Kehoe Law Firm’s Tariff Refund Class Action Investigation.

          Who May Be Affected?

          The complaint seeks to represent a proposed nationwide class of persons who purchased goods from Levi Strauss or through its authorized distribution channels, allegedly paid higher prices because of IEEPA tariffs, and have not been refunded the alleged tariff-related price premium. It also seeks a proposed Louisiana subclass.

          No class has been certified, and the allegations have not been proven.

          What Claims and Relief Are Sought?

          The complaint asserts unjust enrichment, enrichment without cause under Louisiana law, and Louisiana consumer-protection claims. It seeks, among other relief, restitution, disgorgement, compensatory damages, attorneys’ fees and costs, and interest.

          Consumers concerned about tariff-related price increases involving other brands can also read about Kehoe Law Firm’s investigation of Hermès, Swatch and Nikon customers.

          Did You Pay Higher Prices Because of Tariffs?

          Kehoe Law Firm, P.C. is investigating potential claims on behalf of consumers who paid higher prices for products after companies passed tariff-related costs on to their customers.

          If you purchased Levi’s products or other consumer goods that increased in price because of tariffs, you may have legal rights. Contact Kehoe Law Firm to learn more about the investigation and potential legal claims.

          For a free, no-obligation legal evaluation, contact:

          Michael Yarnoff, Esq.
          (215) 792-6676, Ext. 804
          [email protected]
          [email protected]

          About Kehoe Law Firm, P.C.

          Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

          Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.

           

           

           

          SEND US A MESSAGE

          Contact Us

          ADDRESS

          Kehoe Law Firm, P.C.
          2001 Market Street
          Suite 2500
          Philadelphia, PA 19103

          PHONE

          Tel: 215-792-6676

          EMAIL

          [email protected]