Compliance | January 24th, 2019 American Century Defeats Self-Dealing ERISA Lawsuit The district court had several times ruled against the firm in summary dismissal and discovery decisions—but the firm has prevailed...
Compliance | January 16th, 2019 Best Practices for Managing ERISA Litigation Risk in 2019 Three Mayer Brown ERISA attorneys discuss the current litigation landscape and offer practical strategies for promoting compliance in 2019.
Compliance | January 15th, 2019 Plaintiffs Agree to Drop Empower ERISA Revenue-Sharing Lawsuit Both parties agreed to dismiss the litigation under Federal Rule of Civil Procedure 41(a), and each party will bear its...
Compliance | January 2nd, 2019 ERISA Challenge Targets Transamerica and Affiliates The complaint suggests Transamerica continued to offer proprietary portfolios when their rates of return were meaningfully below stated long-term benchmarks.
Compliance | December 31st, 2018 Assessing Courts’ ERISA Decisions in 2018 Some 83,000 lawsuits have been filed under the Employee Retirement Income Security Act (ERISA) in federal district court since 2009,...
Compliance | December 19th, 2018 Most Counts Against GE Allowed to Proceed in ERISA Lawsuit The text of a new ruling on GE defendants' summary dismissal motion steps through complex issues of timeliness that are...
Compliance | December 18th, 2018 9th Circuit Questions Meaning of ‘Actual Knowledge’ for ERISA Statute of Limitations The appellate court sent a case over Intel's use of alternative investments in its target-date funds back to a lower...
Compliance | December 17th, 2018 Stock-Drop Lawsuit Targeting IBM Revived and Remanded An appellate court has taken the rare step of overturning a successful motion to dismiss a stock drop lawsuit targeting...
Compliance | October 2nd, 2018 District Court Soundly Dismisses Washington University 403(b) Lawsuit The court holds that bundling services or revenue sharing are common and acceptable investment industry practices that frequently inure to...
Compliance | March 27th, 2018 Willis Towers Watson Reaches Settlement With City of Houston The original lawsuit alleged negligence and professional malpractice by Willis Towers Watson in its actuarial work for the city; the...
Compliance | January 12th, 2018 Court Orders Plan Fiduciaries to Restore Losses for Misusing Plan Assets The Department of Labor found fiduciaries failed to remit salary deferrals and loan repayments and withdrew assets from the plan...
Compliance | December 27th, 2017 Court Finds Divorce Decree Qualifies as QDRO Although the case involves an employer-provided life insurance plan, it has lessons for what constitutes a QDRO for all ERISA...