Compliance | November 11th, 2024 Latest 401(k) Plan Forfeiture Complaint Filed Against BMO Financial The bank’s retirement plan committee faces a complaint for alleged misuse of forfeited plan funds.
Compliance | November 5th, 2024 Judge Dismisses 401(k) Forfeiture Lawsuit Against Clorox The federal judge in California described the plaintiff’s claims as ‘impermissibly broad,’ but did grant the plaintiff a chance to...
Compliance | October 14th, 2024 Argent Trust Co. Petitions for Supreme Court to Provide Guidance on ERISA Arbitration The Supreme Court has previously declined to review appeals courts’ decisions that held arbitration provisions unenforceable.
Compliance | October 14th, 2024 Northern Trust, Workers Set to Settle 401(k) Litigation The parties have agreed to a tentative deal to be considered by the court October 30, ending a TDF-focused lawsuit...
Compliance | October 7th, 2024 Cornell 403(b) Transaction Complaint to Get SCOTUS Review The court will consider split decisions in lower courts over how strictly ERISA should be read when determining the case...
Compliance | September 17th, 2024 Genworth Can Appeal Class Action Regarding BlackRock TDFs The 4th Circuit Court of Appeals will consider Genworth’s argument against class certification previously granted by a district court.
Compliance | September 10th, 2024 Judge Sides With BAE in Plan Forfeiture Suit BAE beat a proposed class action over its use of 401(k) forfeited contributions; the ruling is one among a handful...
Compliance | September 3rd, 2024 Salesforce Settles a Pair of 401(k) Excessive Fee Suits The $1.3 million settlement pertains to litigation from 2020 and 2024 against the $5 billion retirement plan.
Compliance | August 20th, 2024 Nordstrom Suit, HP Revival Add to 401(k) Forfeiture Cases A Wagner Law Group attorney says plan sponsors should review their plan documents, as Nordstrom is the latest employer challenged...
Compliance | August 19th, 2024 Plaintiffs Gain Class Action Status in Genworth 401(k) Suit A federal judge granted class action status to participants invested BlackRock LifePath Index Funds, in contrast to numerous dismissals for...
Opinions | July 29th, 2024 The Life Expectancy of Actuarial Equivalence Lawsuits Despite the volume of cases, no court has yet issued a favorable judgment on the merits for any pension plan...
Deals and People | July 16th, 2024 Fiduciary Law Center is New Name of Retirement Law Group Matthew Eickman joins as chief legal officer as Jason Roberts’ ERISA legal practice aims to represent the broader footprint of...
Deals and People | July 12th, 2024 Retirement Industry People Moves First Eagle Investments hires senior director of consultant relations; Vanguard Group head of Europe announces retirement; Manulife names head of...
Compliance | July 11th, 2024 Court Approves $1.5M Settlement in Amway ERISA Lawsuit A Michigan federal judge approved a preliminary agreement in Garcia et al. v. Alticor Inc. et al.
Compliance | May 13th, 2024 Industry Groups Request SCOTUS Hearing for AT&T ERISA Case A seven-year-old lawsuit concerning fee disclosure could be before the Supreme Court next term.
Compliance | January 22nd, 2024 DOL Suit Retires Maine Excavator’s 401(k) Plan Maine federal judge approves agreement reached between the Department of Labor and a Maine excavation company that was shuttered in...
Compliance | September 15th, 2023 The Fiduciary Exception to Attorney-Client Privilege Sponsors should know when their legal communications are privileged and when they are not.
Compliance | August 22nd, 2023 ERISA Plan Litigators Use ‘More Credible’ Tactics in First Half of 2023 Mid-year report finds there were fewer cases filed, as plaintiff law firms catch up on those they brought in 2022,...
Compliance | August 14th, 2023 Missouri Anti-ESG Rules Pre-empted by ERISA, Lawsuit Says To the extent that they apply to pensions and other ERISA plans, the state-level regulations are pre-empted by federal law,...
Compliance | July 18th, 2023 Verizon Reaches $30M Settlement in 401(k) Complaint The 2016 lawsuit accused Verizon of failing to monitor a hedge fund in its retirement plan TDFs.