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...
Tag: lawsuits
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.
Participant Sues J.P. Morgan Over Data Breach
J.P. Morgan Chase & Co. was accused in a new lawsuit of not having sufficient procedures in place to prevent...
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...
Benefits |
IBM Wins Dismissal of Pension Lawsuit
A lawsuit against IBM’s pension plan will not proceed, following a judge’s ruling in U.S. District Court for the Southern...
After DOJ Criminal Sentence, DOL Sues Profit-Sharing Plan of Pennsylvania Mushroom Farmer
Department of Labor brings a lawsuit against the profit-sharing plan of a criminally indicted Pennsylvania mushroom farm retirement plan.
Minnesota Sponsor Sues Adviser for True-Up Plan Amendment
The cost of a plan amendment to allow safe harbor and true-up contributions prompted Great Lakes Management Co. to allege...
Plaintiffs Request Judge Approve Settlement in ERISA Data Breach Lawsuit
Attorneys for the plaintiffs in a case about cybersecurity liability for participant data asked a Georgia federal judge for final...
Pennsylvania Federal Judge Orders RiversEdge Out of Retirement Plans
A judge determined the retirement plan recordkeeper and third-party administrator misappropriated millions in clients’ plan assets.
Benefits |
DOL Prevails in Court Orders, Removing TPA From Acting as Fiduciary for Sponsors
The regulator prevailed in motions against a Pennsylvania retirement third-party administrator it alleges stole $5.5 million in retirement plan assets...
PBGC Files Petition Seeking Documents California DB Plan Failed to Deliver
The Pension Benefit Guaranty Corporation has escalated legal proceedings against a pension plan sponsor that allegedly stopped paying insurance premiums,...
Taft-Hartley Plan Wants Back $220M Partial Pension Withdrawal
Boilermaker-Blacksmith National Pension Trust claims arbitrator Richard C. McNeill Jr. incorrectly ruled that GE satisfied the building and construction industry...
DOL Sues SIMPLE IRA, Health Plan Fiduciaries for Misappropriation of Funds
The Department of Labor claims a New Jersey electrical contractor misappropriated employees’ retirement plan contributions and ended employer contributions to...
How du Pont Family’s 1947 Pension Trust Became an ERISA Nightmare
Fiduciaries of the trust are now liable for $38 million in pension liabilities.
Judge Dismisses TDF Complaint Against Microsoft
Microsoft has been spared one of a string of lawsuits against plan sponsors over putting retirement savers in a BlackRock...
Gucci Retirement Plan Sued for Charging Excessive Fees
The complaint states that Gucci America was “particularly egregious” in regards to offering proprietary funds from its service provider Transamerica.