401(k) Participant Sues Over Investment in Chesapeake Energy
For one thing, the participant contends the ESOP portion of the plan should have been invested in the sponsoring company’s...
Tag: Litigation
ERISA Stock Drop Challenge Targets Allergan
The firm is being challenged in a New Jersey district court for alleged imprudence in the management of its employee...
Appellate Court Rejects District Court Ruling in Tussey Case
The 8th Circuit said the district court put too much weight on its statements about calculating damages.
Court Moves Forward Insperity Excessive Fee, Self-Dealing Suit
While a couple of Insperity defendants’ motions to dismiss were granted, most were denied.
Holy Cross Hospital Settles ERISA Challenge
Plaintiffs had alleged their employer falsely claimed church plan status for its retirement program.
ERISA Prohibited Transaction Challenge Against TIAA Dismissed
Based on the facts alleged in an amended complaint, the court “concludes that TIAA is not a fiduciary of the...
Third Participant Challenges JP Morgan 401(k)
The text of the suit offers a detailed look at the investment menu offered to JP Morgan employees, as well...
JP Morgan 401(k) Plan Challenged Again
Plaintiffs argue that, instead of acting for the exclusive benefit of the plan and its participants and beneficiaries, “defendants acted...
ERISA Attorneys Busy Analyzing Fiduciary Rule Delay
The move from DOL this week was not an extension of the applicability date of the fiduciary rule, just a...
American Century Self-Dealing Complaint Advances
A district court judge in Missouri has denied American Century’s motion for dismissal of a lawsuit accusing the firm of...
Trump Administration Hits Hurdle In Fiduciary Fight
While a new OMB determination seemingly makes it more burdensome for the Trump administration to unravel the DOL fiduciary rulemaking,...
Judge Denies Oracle’s Motion to Dismiss 401(k) Fee Lawsuit
A magistrate judge ultimately found plaintiffs in the case have met their pleading obligations.
Court Victories Add to Confusion Over Fate of Fiduciary Rule
Though courts are supporting the DOL, actions from the Trump administration may mean those victories do not matter.
T. Rowe Price Latest Target of Self-Dealing Lawsuit
A lawsuit accuses T. Rowe Price and its affiliates of not only offering just proprietary funds in the company’s 401(k)...
New York Life Agrees to Settle Self-Dealing Suit
The lawsuit accuses the insurance company of offering its proprietary fund in its retirement plans when lower-cost options were available.
UC Regents Sued for Interference of Benefits
The lawsuit also contends the defendant or its employees “discriminated against and/or harassed plaintiff on the basis of her age...
DOL Fiduciary Rule Wins Another Court Victory
A district court judge in Texas concluded the crafting and implementation of the fiduciary rule fit squarely within the DOL’s...
TIAA Faces Suit Over 403(b) Plan Participant Loans
Participants' loans were paid from TIAA's general account and the firm kept some of the interest participants paid, which the...
CVS Participants’ Second Attempt to Sue Over Stable Value Fund Fails
A federal court judge found an amended complaint relied on hindsight to find the stable value fund did not maximize...
Case About Domestic Partner’s Right to Pension Proceeds
A motion to dismiss, claiming that a domestic partner’s claims for benefits as well as a surcharge were duplicative, was...