DOL’s Retirement Security Rule Stayed Ahead of Effective Date
A Texas federal court judge sides with insurers, issues a preliminary injunction of the fiduciary rule.
Tag: Litigation
Insurers Continue Effort for Retirement Security Rule Injunction
Nine insurance industry organizations and representatives have responded to the DOL’s rebuttal of the groups’ litigation against the rule as...
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...
Benefits |
Increased Litigation Around PRTs Brings Insurance Industry Practices to Light
As defined benefit plan sponsors look to de-risk and offload pension liabilities, the selection of annuity providers has come under...
DOL’s Retirement Security Rule Challenged by Insurance Industry Associations
The 9 organizations tell a Texas federal court that the new fiduciary rule “exceeds the DOL’s authority under federal law”...
SEC Sued by Red States, Environmental Group, After Finalizing Climate Disclosure
Three separate lawsuits have been filed against the SEC seeking to overturn its final rule.
Lawsuit Targets Fiduciaries of Hess Corp.
A lawsuit against the Hess Corp. alleges Hess plan fiduciaries included target-date mutual funds instead of collective investment trusts in...
Tyson Foods Hit With 401(k) Suit for Overcharging
Employees allege the Tyson Foods plan committee did not monitor and negotiate for reasonable recordkeeper fees.
New Hughes v. Northwestern Decision Could Mean More Litigation
The 7th Circuit Court of Appeals finds reason to move two of three motions forward after Supreme Court review.
Molina, flexPATH ERISA Suit Continues, But Adviser NFP Dropped
A federal judge is allowing a plaintiff’s lawsuit against plan sponsor Molina Healthcare and TDF provider flexPATH to continue, but...
Best of PSNC 2020: Legislative and Regulatory Update
Speakers discussed the SECURE Act, the CARES Act and the DOL’s guidance on ESG during the first day of the...
Court Ruling Mixed on Home Depot Dismissal Motion
While a court has ruled the plan’s advisers should be carved out of the litigation, the counts against Home Depot...
Independent Contractors’ ERISA Lawsuit Fails to State Actionable Claim
The dispositive question is not whether the claimants were employees but whether, considering them as employees, they were eligible to...
Rainbow ESOP Lawsuit Easily Clears Early Motions
The text of the decision includes lengthy discussion of all 14 counts of ERISA fiduciary breaches, and why each is...
District Court Upholds Use of Segal Blend to Calculate Multiemployer Pension Liability
Commenting on the decision, Segal Consulting says it is “consistent with every other decision handed down in similar cases except...
Stock Drop Lawsuit Tied to Allergan-Actavis Acquisition Dismissed
Ruling in favor of a detailed motion to dismiss filed by defendants, the court cites a long list of precedent-setting...
Xerox HR Solutions Wins Another Dismissal in ERISA Challenge
The text of the new decision says the second amended complaint has failed because “it is an attempt to replead...
5th Circuit Officially Mandates Decision to Vacate DOL Fiduciary Rule
Industry stakeholders immediately offered their thoughts on the complex regulatory saga that has surrounded the now-defeated DOL fiduciary rule; depending...
PSNC 2018: Fiduciary Services and Support
Understanding the opportunities associated with 3(21) and 3(38) fiduciary services—and the key differences between them—can help ensure the best use...
Deutsche Bank Self-Dealing ERISA Suit Partly Dismissed
The mixed ruling grapples with binding circuit court guidance and reaches quite different conclusions regarding various allegations of prohibited transactions...