Former CEO Subject of ESOP Suit
July 26, 2012 (PLANSPONSOR.com) - The Department of Labor (DOL) is suing the former CEO of a New Jersey paving...
Tag: ESOPs
Court Finds ERISA Violation from Following Terms of ESOP
June 13, 2012 (PLANSPONSOR.com) – A federal district court has found employee stock ownership plan (ESOP) fiduciaries “abused their discretion...
Cellular Company Owner Accused of Misusing ESOP
April 25, 2012 (PLANSPONSOR.com) - The U.S. Department of Labor filed a lawsuit seeking to recover losses suffered by participants...
Tribune Workers Have Retirement Savings Restored
February 24, 2012 (PLANSPONSOR.com) – The Tribune Co., GreatBanc Trust Co. and various insurance carriers completed funding a global settlement...
Benefits |
Company Stock Holdings Decreased Since PPA
February 7, 2012 (PLANSPONSOR.com) - The share of plan assets in company stock fell seven percentage points for KSOPs, because...
Benefits |
Kodak Employee Files Lawsuit Regarding Retirement Plans
January 31, 2012 (PLANSPONSOR.com) – A Kodak worker has filed a lawsuit against the company.
Reliance Trust Adds ESOP Valuation Expert
January 30, 2012 (PLANSPONSOR.com) – Reliance Trust Company added employee stock ownership plan (ESOP) valuation expert Bucky Wright to its...
Claim for ESOP Benefits Under State Law Preempted by ERISA
October 24, 2011 (PLANSPONSOR.com) – The U.S. District Court for the Northern District of California ruled a plan participant’s claim...
Florida Bank Wins Dismissal of Stock Drop Suit
September 28, 2011 (PLANSPONSOR.com) – A federal court has dismissed claims that trustees and directors of Orion Bancorp’s Employee Stock...
Benefits |
Settlement Reached in ESOP Fiduciary Breach Suit
August 22, 2011 (PLANSPONSOR.com) – L.A. Times employees of media company Tribune who sued over the 2007 Sam Zell-led takeover...
Benefits |
Most Stock Drop Cases Involve 401(k) Plans
August 17, 2011 (PLANSPONSOR.com) - In a new review of litigation on the issue of employer stock in retirement plans,...
Court Moves Forward Suit over State Street FX Practices
August 8, 2011 (PLANSPONSOR.com) – A federal court has moved forward claims by investors in State Street stock, including retirement...
IRS ESOP Review Worksheet Revised
August 2, 2011 (PLANSPONSOR.com) - The Internal Revenue Service has created a revised three-page Employee Stock Ownership Plan (ESOP) Review...
Bill Would Exclude ESOP Appraisers from Fiduciary Rule
July 1, 2011 (PLANSPONSOR.com) – A new U.S. Senate bill would exclude appraisers of employee stock ownership plans (ESOPs) from...
Bill Would Exclude ESOP Appraisers from Fiduciary Rule
July 1, 2011 (PLANSPONSOR.com) – A new U.S. Senate bill would exclude appraisers of employee stock ownership plans (ESOPs) from...
Products |
The Principal Extends TPA Expense Allowance Program
June 13, 2011(PLANSPONSOR.com) - The Principal Financial Group announced...
DoL Gets $10.5M for DirecTECH ESOP Plan Participants
June 8, 2011 (PLANSPONSOR.com) - The U.S. Department of Labor has obtained six consent judgments requiring payment of $10,454,545 in...
Law Firm Supports Making ESOP Valuators Fiduciaries
April 22, 2011 (PLANSPONSOR.com) – Unlike other commenters on the Department of Labor’s proposed redefinition of fiduciary, the law firm...
Lawmakers Introduce Legislation to Promote ESOPs
April 22, 2011 (PLANSPONSOR.com) – Congressman Ron Kind (D-Wisconsin) has introduced the "Promotion and Expansion of Private Employee Ownership Act...
Judge Approves Class in Tribune ESOP Suit
March 7, 2011 (PLANSPONSOR.com) – The suit against the trustee of the Tribune Co. Employee Stock Ownership Plan during the...