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
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...
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...
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.
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.
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.