Excessive Fee Suit Targeting Fujitsu Results In Sizable Settlement
The lawsuit contended that among defined contribution plans with more than $1 billion in assets, the average plan has costs...
Tag: Litigation
Account Withdrawal Fraud Lawsuit Filed by Great-West, Feds
Based on Great-West’s investigation and the work of FBI agents, it appears that unauthorized individuals have been fraudulently obtaining access...
ERISA Suit Targeting MIT Partially Dismissed in District Court
The district court decision spells out a number of caveats impacting this type of ERISA litigation, explaining why it is...
Appellate Decision Backs U.S. Bank in Pension Dispute
Discussion in the new appellate decision lays out some important distinctions regarding the initial district court’s decision to dismiss the...
The Thrust of Fiduciary Liability Insurance
In a world of heightened plan sponsor scrutiny, fiduciary liability insurance can be a powerful tool.
Johns Hopkins University ERISA 403(b) Challenge Partly Dismissed
The complaint states that Johns Hopkins has not prudently managed its 403(b) plan, but a district court judge disagrees, at...
Sponsors More Focused on Their Fiduciary Responsibilities
The uncertainty over the fiduciary rule and increased participant litigation are prompting sponsors to move to lower-cost investment options.
District Court Approves Class Certification in Deutsche Bank Challenge
The ERISA lawsuit has gained class certification after the plaintiffs successfully established numerosity, typicality and commonality.
BB&T Self-Dealing Suit Gets Class Certification
A court certified a class in the consolidated lawsuit after first rejecting BB&T’s arguments that the class did not meet...
Court Moves Forward Few Claims in NYU 403(b) Plans Case
A federal court judge found most claims were not plausibly alleged by the plaintiffs.
Participant Challenges Prudential and Morningstar Allocation Solution
The lead plaintiff suggests the providers created an asset allocation solution designed to seed high-fee funds over lower-cost options—charges the...
ERISA Challenge Targets Minnesota Hospital System
The latest retirement industry class action challenge, filed in the U.S. District Court for the District of Minnesota, names as...
Federal Pensions Challenge Big Banks’ Securities Lending Practices
Large banks are accused by the federal pension funds of working together behind the scenes to protect their interests as...
Court Sides With Wilmington Trust on ESOP Challenge
A judge said the plaintiffs did not allege an injury because, although the purchase price of the stock was allegedly...
Sears Faces Another ERISA Lawsuit
A new stock drop complaint includes not only the Sears Holdings Savings Plan, but also the Sears Holdings Puerto Rico...
DOL Signals Extension of Fiduciary Rule Transition Period
Many retirement industry providers will be glad to see the DOL is starting to signal a delay in the applicability...
Participant Fails to Establish Class Status in Prudential Lawsuit
The denial of the class certification motion goes into some detail regarding what it takes to establish class standing under...
Target Prevails in ERISA Stock Drop Suit
The plaintiffs failed to meet pleading standards set forth in Fifth Third v. Dudenhoeffer, a court ruled.
Providers Voice Concern About Fiduciary Rule Product Disruption
There were thousands of new comments submitted on the fiduciary rule RFI by a variety of parties, from concerned individual...
Court Orders American Century to Produce Reports for Self-Dealing Suit
American Century must produce profitability, expense and performance reports created under provisions of the Investment Company Act for all the...