Tag: retirement plan litigation

The complaint suggests defendants “larded the plan with excessively expensive sub-advised accounts” that paid excessive fees to the recordkeeper John...

Aside from monetary relief, the settlement calls for Vanderbilt to issue a request for proposals (RFP) for a new recordkeeper...

The union plan’s board of trustees has agreed to pay $8.75 million and issue a request for proposals for recordkeeping...

The court has ruled that the litigation can proceed to trial because SafeWay’s summary dismissal argument that the plaintiffs’ case...

Plaintiffs in the case allege that CIGNA is not following new calculations ordered by a federal court to remedy its...

The lawsuit, filed on behalf of participants invested in Boeing stock in all of Boeing’s defined contribution plans, alleges the...

In addition to a $23.6 million payment, the settlement agreement includes additional terms relating to a review of investment options...

Participants in Chevron’s DC plan say the 9th Circuit applied unnecessarily high pleading standards, “precluding petitioners from pursuing claims that...

The question in the lawsuit, according to a federal judge, is whether the plaintiff has standing to sue, for one,...

The plan sponsor was previously ordered to make reforms such as using lower-cost share classes and conducting an open recordkeeping...

The parties anticipate that they will be in a position to submit a formal settlement motion to the court within...

Fidelity is accused of charging an illegal and undisclosed pay-to-play fee that Fidelity extracts from investment companies that wish to...

Among other things, they say Putnam exaggerated the Circuit split regarding who bears the burden of proving loss causation and...

The regulator says a romantic interest led a county manager in Georgia to recommend one investment adviser over others to...

A U.S. Appeals Court rejected a District Court’s finding that was similar to many decision in lawsuits following the Supreme...

The settlement agreement calls for a $3.5 million payment from Brown, as well as non-monetary relief.

A decision by the Supreme Court on the question of what establishes “actual knowledge” of an alleged breach of fiduciary...

A federal judge made this decision in allowing Massachusetts Institute of Technology’s motion to strike plaintiffs’ demand for a jury...

The defense benefited strongly from the fact that expert witness testimony given in favor of plaintiffs was rejected by the...

The Department of Labor found the investment adviser made 63 fraudulent requests to Transamerica for lump sum benefit checks for...