Compliance | April 20th, 2023 Eversource Energy Agrees to Settle 401(k) Lawsuit for $15 Million The settlement from a case brought in 2020 received preliminary approval from a federal judge in Connecticut.
Compliance | April 19th, 2023 Mutual of America Agrees to $2.75 Million 401(k) Lawsuit Settlement Subject to court approval, the retirement plan services and investments provider will pay participants in a class action case who...
Benefits | April 17th, 2023 DOL Sues Profit-Sharing Retirement Plan of California Consultant The Department of Labor alleges an environmental consultant abandoned responsibility for its profit-sharing retirement plan in the late 1990s.
Compliance | March 24th, 2023 ERISA Suit Against SeaWorld Advances A federal judge rebuffed SeaWorld's motion to dismiss, but a second defendant was dismissed from the case.
Compliance | March 23rd, 2023 Live Nation Faces Excessive Fee Lawsuit Participants claim that Live Nation offered higher-cost share classes for its 401(k) plan when identical, cheaper options were available.
Compliance | March 21st, 2023 Church ERISA Charges Dismissed, but Fiduciaries Newport, Symetra Still on the Hook A federal judge in Tennessee dismissed most of the fiduciary breach claims under federal benefits law in multidistrict litigation.
Compliance | March 10th, 2023 Judge Rejects Mitre’s Efforts to Dismiss ERISA Lawsuit The Massachusetts-based federal judge has advanced the lawsuit and ordered a scheduling conference for April.
Compliance | March 9th, 2023 Shuttered Nevada Benefits Trustee Dealt ERISA Lawsuit The plaintiff alleged two counts of fiduciary breach for mismanagement of a nonqualified deferred compensation plan in Texas federal court....
Compliance | February 22nd, 2023 Construction Company Lawsuit Targets Its Retirement Plan Providers The lawsuit filed by Martone Construction claims its retirement plan providers ignored requested investment trades and claimed that trading was...
Compliance | February 15th, 2023 DOL Sues Defunct Firm for Retirement Asset Distributions A new Department of Labor lawsuit targeted a telemarketing company that closed without processing workers’ retirement claims.
Compliance | February 7th, 2023 Nonprofit Nemours Foundation Faces 403(b) Lawsuit Florida-based nonprofit operator of children’s hospital is alleged to have charged excessive fees to retirement plan participants.
Compliance | January 24th, 2023 Fluor ERISA Lawsuit Dismissed District Judge allowed one plaintiff 28 days to submit an amended complaint.
Compliance | January 24th, 2023 TIAA Class Action Reversal May Impose Significant Procedural Hurdle for Future Cases The 2nd Circuit Court of Appeals’ reversal of class certification will likely make it more difficult for ERISA class action...
Compliance | January 19th, 2023 Allianz Asset Management of America Dealt Lawsuit Over 401(k) Plan Workers contributing to the Allianz Savings and Retirement Plan have brought allegations of self-dealing against plan fiduciaries.
Compliance | January 9th, 2023 National Bank Parent Company Hit with ERISA Complaint Plaintiffs have alleged excessive fees for recordkeeping and administrative services and for an available managed account in a retirement plan...
Compliance | December 30th, 2022 Fiduciary 401(k) Breach Claims Against Milliman Will Proceed A federal judge ruled against a Milliman Inc. motion to dismiss fiduciary breach allegations that it failed to prudently choose...
Compliance | December 27th, 2022 District Court Narrows $750,000 Retirement Theft Lawsuit Claims A federal judge granted the motion to dismiss one of three defendants in a retirement theft lawsuit.
Compliance | December 22nd, 2022 Xerox Reaches $4.1 Million Preliminary Settlement in Excessive Fee Lawsuit The settlement in principle is pending court approval.
Compliance | November 29th, 2022 Attorneys File Similar ERISA Lawsuit Against Freight Transporter A second national freight transporter within a month is faced with an ERISA breach lawsuit from the same attorneys.
Compliance | November 28th, 2022 Judge Grants Motion to Dismiss Ricoh Complaint The two counts brought by plaintiffs were bounced by the Chief Judge for the U.S. District Court for the Eastern...