Kentucky Court Moves Forward Claims Over KRS Hedge Fund Investments
The lawsuit claims the Kentucky Retirement Systems (KRS) lost money on more than $1.5 billion in hedge fund investments in...
Tag: retirement plan litigation
MetLife Settles With Massachusetts Regarding Pension Risk Transfer Beneficiary Payments
MetLife has been accused of failing to take sufficient measures to locate annuitants, declaring them dead and transferring the assets...
Do Cases Questioning Mortality Tables Used to Determine DB Plan Benefits Indicate a New Trend?
Cases have been filed against MetLife, Pepsi and American Airlines saying the use of outdated mortality tables in determining annuity...
Yale Changes 403(b) Plan Investment Options
A university spokesperson told Yale News that the changes to the retirement plan were not in response to ongoing litigation.
Case Against ‘Small’ 401(k) Plan Settled
The case against the $500 million 401(k) plan was also settled for a “small” amount—$500,000.
$3M Settlement Reached in Edward Jones Self-Dealing Lawsuit
After a complex set of motions and rulings, the parties have now opted to settle the ERISA self-dealing lawsuit rather...
Lawsuit Argues MetLife Pension Calculations Use Outdated Mortality Table
A newly filed complaint takes issue with the way MetLife calculates the actuarial equivalence of different types of annuity benefit...
More Diverse ERISA Litigation Expected in 2019
Reflecting on lessons learned this year, Jamie Fleckner, partner at Goodwin Procter, says cases still are growing more diverse in...
Parties in Franklin Templeton Self-Dealing Suit Agree to Settle
Details of the settlement agreement are forthcoming.
Appellate Court Affirms Dismissal of Chevron ERISA Lawsuit
The 9th U.S. Circuit Court of Appeals found that the facts alleged are insufficient to support a plausible inference of...
Duke University 403(b) Plan Lawsuits Reportedly Settled
The docket reports for two lawsuits filed against the university say counsel for the plaintiffs and counsel for the university...
$24M Settlement Proposed By Parties in BB&T Self-Dealing ERISA Litigation
The long-running litigation appears to be heading for a mediated conclusion, after a contentious discovery process that produced over 260,000...
Case Over Aon Hewitt Financial Engines Agreement Finally Dismissed
According to the docket report for the case, the parties report they have resolved the case.
USC Asks Supreme Court to Weigh in on Arbitration of Retirement Plan Claims
The 9th U.S. Circuit Court of Appeals previously concluded that the challenge to the management of the University of Southern...
Strategies for DC Plans to Mitigate Risks in 2019
Willis Towers Watson offers nine actions for DC plan sponsors to mitigate risks in 2019.
403(b) Plan Participants Voluntarily Dismiss Lawsuit Against Custodian
The lawsuit accused Matrix Trust Company of violating its fiduciary duties by making unauthorized transfers of participants’ accounts to a...
Waddell & Reed 401(k) Self-Dealing Lawsuit Is Settled
In addition to a large payment to participants, the firm agreed to have an independent investment adviser assist in making...
Judge Recommends Dismissal of CenturyLink Custom-Designed Fund Lawsuit
The judge found insufficient facts alleging a flawed design in the Large Cap Fund offered in CenturyLink’s 401(k) plan, or...
Health Care System Sued Over Retirement Plans’ Governmental Status
A lawsuit alleges a health care system in North Carolina falsely claims to be a governmental entity, allowing it to...
Court Tosses Unreasonable Recordkeeping Fee Claim Against Franklin Templeton
However, a federal district judge moved forward most claims in the self-dealing lawsuit concerning the company’s own 401(k) plan.