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...
Tag: fiduciary breach
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.
Employer Forfeited Funds Complaint Against HP Inc. 401(k) Plan Is Dismissed
A federal judge ruled the suit’s ‘theory of liability’ was too broad and dismissed the complaint, which focused on the...
Lawsuit Against NYC Pension Funds’ Divestment in Fossil Fuels Dismissed
A New York State judge dismissed the complaint due to lack of standing and failure to demonstrate injury.
California Business Conglomerate Cuts $1.25M Deal to End ESOP Lawsuit
A holding company has agreed to settle a lawsuit that alleged fiduciaries of its ESOP plan enriched themselves and shortchanged...
PBGC Closer to Receiving Pension Plan Restitution Payments
Following a federal court order in Pennsylvania, the Pension Benefit Guaranty Corporation is nearer to forcing a bankrupt construction company...
Judge Denies American Airlines’ Bid for Summary Judgment in ESG Lawsuit
The trial is confirmed to begin Monday, June 24, in Texas federal court.
Kohler Agrees to Settle ERISA Lawsuit Against DB Plan
Kohler Co., the Kohler Co. Pension Plan and pension plan beneficiary plaintiffs request the court’s approval of the settlement.
84 Lumber Co. Retirement Plan Sued for High-Fee Investments In-Plan
A lawsuit against the Pennsylvania-based company has alleged the plan’s recordkeeper fees were higher –than average and that the plan...
Retirement Plan Lawsuit Targets Texas Health Care System
Retirement plan participants alleged fiduciary breaches occurred within the Houston-based health care system’s 401(k) and 403(b) plans.
Humana Inc. Defeats Class Action Claims of Excessive 401(k) Fees
A federal judge in Kentucky ruled in favor of the Humana Retirement Savings Plan with a summary judgment and dismissed...
Judge Confirms Trial Date for American Airlines ESG Lawsuit
A Texas federal judge has scheduled a trial date, following the entry by attorneys for each side of pretrial materials,...
New York Federal Judge Rules Against TIAA in Managed Account Suit
TIAA’s request to dismiss lawsuit alleging it used aggressive tactics to move participants from the plan into more costly managed...
Texas Judge Certifies Class in Pilot’s Anti-ESG Case
A class of participants was certified in a federal district court lawsuit against American Airlines’ Plan for Pilots.
PBGC Sues to Recover Losses Caused by Trustee’s Asset Transfer
The Pension Benefit Guaranty Corporation claims a shuttered California corporation’s CEO transferred plan assets to a business checking account.
Appeals Court Revives Pension Case Against Northrop Grumman
For a second time, the 9th Circuit has resurrected a lawsuit that targeted the aerospace and defense company.
Salesforce Agrees to Settle ERISA Lawsuits
San Francisco-based software company seeks a settlement in lawsuits that alleged the 401(k) plan charged participants excessive fees.
PBGC Seeks $1 Million+ in Liability Payments From Pension Plan in Trusteeship
The Pension Benefit Guaranty Corporation is seeking damages from a construction company after the PBGC took over its terminated pension...
DOL Sues Third Profit-Sharing Plan in 2024
The Department of Labor is continuing its enforcement push against profit-sharing plans.
California Marketer Claims Plan Change Caused Recordkeeper to Retaliate
A California plan sponsor has sued the provider it removed, 401(k) Easy, claiming the company perpetrated a scheme to defraud...