SCOTUS Takes Up Presumption of Prudence Issue
December 16, 2013 (PLANSPONSOR.com) — The U.S. Supreme Court has agreed to hear a case raising fiduciary issues and questions...
Tag: Company Stock
Chesapeake Stock Drop Suit Dismissed
November 22, 2013 (PLANSPONSOR.com) – A federal district court dismissed a class action complaint alleging Chesapeake Energy acted imprudently by...
DOL Finds Fiduciaries Violated ERISA With Stock Purchase
November 20, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) has filed a lawsuit in U.S. district court to recover...
Dismissal of Stock Drop Case Reaffirmed
October 31, 2013 (PLANSPONSOR.com) – A U.S. District Court has reaffirmed its earlier decision to dismiss a stock drop case...
Bank Settles Company Stock Suit
September 5, 2013 (PLANSPONSOR.com) – Flagstar Bancorp has agreed to settle allegations it breached its fiduciary duties by maintaining company...
Company Stock in 401(k)s Bad for the Bottom Line?
August 19, 2013 (PLANSPONSOR.com) – Research from Morningstar suggests holding significant amounts of employer stock in 401(k) plans is bad...
Court Uses Presumption of Prudence for Case Dismissal
August 8, 2013 (PLANSPONSOR.com) – A federal appeals court found the application of the presumption of prudence to be appropriate...
Benefits |
Retirement Plan Investigated for Alleged ERISA Violations
July 25, 2013 (PLANSPONSOR.com) – A law firm is investigating whether RadioShack Corporation violated the Employee Retirement Income Security Act...
Court Upholds Dismissal of Lehman Stock Drop Case
July 24, 2013 (PLANSPONSOR.com) – In the case of Rinehart v. Akers, the 2nd U.S. Circuit Court of Appeals upheld...
DOL Files Brief in RJR Stock Drop Case
July 9, 2013 (PLANSPONSOR.com) – Acting Secretary of Labor Seth D. Harris is asking an appellate court to reverse its...
Caterpillar Investigated for Potential ERISA Suit
June 27, 2013 (PLANSPONSOR.com) – A law firm announced it is investigating the Caterpillar Inc.'s 401(k) plan for potential Employee...
9th Circuit Revives Amgen Stock Drop Case
June 14, 2013 (PLANSPONSOR.com) – An appellate court reversed the dismissal of an Employee Retirement Income Security Act (ERISA) class...
Revlon Charged with Misleading 401(k) Trustee
June 14, 2013 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) charged Revlon with violating federal securities laws by misleading...
ERISA Imposes No Duty to Disclose Certain Information
June 10, 2013 (PLANSPONSOR.com) – An appellate court has held that the Employee Retirement Income Security Act (ERISA) does not...
7th Circuit Applies Presumption of Prudence to Marshall & Ilsley
April 29, 2013 (PLANSPONSOR.com) – The 7th U.S. Circuit Court of Appeals determined Marshall & Ilsley was entitled to a...
Morgan Stanley, Pfizer Benefit from Moench Presumption
March 29, 2013 (PLANSPONSOR.com) – Judges from the U.S. District Court for the Southern District of New York dismissed two...
Court Rules In Favor of Employer Who Dropped Stock
March 25, 2013 (PLANSPONSOR.com) – A federal court found an employer’s decision to drop stock investments from its 401(k) plan...
Benefits |
Returns Fuel DC Accounts’ Growth in Q4
March 18, 2013 (PLANSPONSOR.com) - Callan DC Index balances grew 14.32% in 2012.
Benefits |
Retirement Plan Sponsors Helping Participants Engage
March 13, 2013 (PLANSPONSOR.com) – Employees are taking a more active role in their retirement plans due to factors such...
No Presumption of Prudence if Stock Fund Not Required
March 13, 2013 (PLANSPONSOR.com) – A federal appellate court has refused to apply the presumption of prudence standard to fiduciaries...