Tag: ERISA lawsuit

Plan fiduciaries have been accused of failing to prudently invest cash held in employee stock ownership plan trusts in recent...

The company was accused of using an in-house stable value investment that underperforms competitors.

Former participants of insurance company Swiss Re’s retirement plan also accused the firm of allowing the plan to pay excessive...

Former employees claimed the company’s CEO converted plan assets for his and his company’s own use and benefit.

The banking giant is the latest company to face litigation over its use of forfeited 401(k) assets.

Its 403(b) plan committee was accused of failing to monitor its investment in a stable value investment product offered by...

The banking company has been accused of using forfeited funds for its own benefit by funding future employer contributions.

The soda distributor was accused of offering a suite of ‘underperforming’ target-date funds in its 401(k) plan, as well as...

The pharmaceutical company was accused of charging unreasonable recordkeeping and administrative fees in a complaint filed last year.

The appeals court ruled that a Michigan district court wrongly dismissed the lawsuit in April 2023 in favor of arbitration.

A final pretrial conference for the case is scheduled for November 26.

A participant in Thermo Fisher’s 401(k) plan accused the employer and its pension committee of violating ERISA by using forfeited...

The home improvement retailer is the latest company accused of using forfeited 401(k) funds for its own benefit, instead of...

The Department of Labor backed an appeal by IBM retirees to reopen a lawsuit against the firm for allegedly using...

A Pennsylvania federal judge ruled that an expert witness to the plaintiffs was unreliable, dismissing the argument that the plan...

This is the third case that law firm Schlichter Bogard LLP has brought against a company following a pension risk...

In two separate cases, AT&T is once again a target for a pension risk transfer it conducted with Athene, and...

Retirees alleged that AT&T shifted its pension responsibilities for 96,000 participants to a ‘risky’ insurance company, according to the lawsuit.

Maine federal judge approves agreement reached between the Department of Labor and a Maine excavation company that was shuttered in...

The settlement is considered the ‘largest ever’ in a lawsuit alleging mismanagement of a retirement plan’s in-house funds, according to...