Stock-Drop Lawsuit Alleges Disclosure Failures
Plaintiffs attempt in their complaint to establish that fraud was at least potentially occurring, and that this should have been...
Tag: Litigation
Capital Group Faces Excessive Fee, Self-Dealing Suit
Capital Group is accused of selecting and retaining its own affiliated investments in its 401(k) plan to the benefit of...
Sponsor Settles Northrop Grumman ERISA Suit
A bench trial began this March 14, and the settlement was initially struck after three days of trial.
PSNC 2017: Learning From Litigation
It is not always possible, even for the most carefully run retirement plans, to avoid getting dragged into ERISA litigation,...
Chevron Wins Dismissal of Amended Complaint Regarding Fund Choices
A federal judge found plaintiffs failed to correct deficiencies in their original complaint, and a new claim of conflicts-of-interest was...
New Opportunity to Comment on Fiduciary Change
The new SEC Chair is calling on retirement industry stakeholders to weigh in on whether the DOL fiduciary rule is...
Self-Dealing Suit Against Wells Fargo Dismissed
A U.S. District Court Judge agreed with Wells Fargo that allegations that the bank breached its fiduciary duty by continuing...
United of Omaha Faces Lawsuit Over GICs
The lawsuit charges that the crediting rate United of Omaha set for guaranteed investment contracts allowed it to receive excessive...
Participants Sue Princeton Trustees for ERISA Breaches
The plan sponsor is accused of failing to leverage its size and sophistication to ensure a fair deal on recordkeeping...
University of Chicago Faces Excessive Fee Lawsuit
The university is accused of not negotiating a better price for recordkeeping and retaining high cost, underperforming investments, among other...
Attorney Describes What Makes a Good ESOP Candidate
One experienced benefits attorney says he has seen employee stock ownership plans do a whole lot of good for a...
FedEx Faces Challenge of Pension Calculations Under USERRA
The lawsuit claims FedEx did not apply the formula for calculating pension benefits that USERRA requires for military-member employees whose...
Guaranteed Investment Contracts Called Out In Principal Lawsuit
Participants in plans that purchased guaranteed investment contracts from the Principal say the arrangement has led to prohibited transactions under...
Multiemployer Plan Member Has No Claim Against Rehabilitation Amendment
WestRock RKT Company claims that the amendment violates ERISA because “critical status [multiemployer plans] with valid rehabilitation plans may not...
Duke University 403(b) Plan Excessive Fee Suit Moves Forward
Claims moving forward regard excessive fees by using four recordkeepers and excessive fees by offering too many funds in the...
TIAA Settlement Agreement Goes Beyond Monetary Compensation
A significant number of non-monetary settlement terms have been agreed to, including that TIAA will add more non-proprietary investment options...
Starwood Hotels 401(k) Excessive Fee Suit Moves Forward
A district court judge found the plaintiffs “have pleaded sufficient facts from which the Court can reasonably infer that Starwood...
RJR Wins Third Appellate Decision in ERISA Case
The text of the latest appellate court decision offers some food for thought about whether and to what extent there...
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The More Information ERISA Litigators Have, the Better
An ERISA litigator weighs in on whether information from a new analytics tool would be helpful to attorneys and their...
Disney Plan Fiduciaries Defeat Investment Option Challenge
Plaintiffs unsuccessfully alleged plan fiduciaries should have known that an investment option had the “clear indicia of a growth stock,”...