Retirement Plan ERISA Litigation Trends Still Heating Up
It has only been about a year and a half since large U.S. universities became the target of ERISA lawsuits,...
Tag: retirement plan litigation
ERISA Litigation Landscape Mapped by LexisNexis
With the launch of its latest analytics module, Lex Machina has uncovered a variety of trends across all the flavors...
District Court Returns Mixed Ruling for AT&T ERISA Lawsuit
In a mixed ruling, the court again leaves room for re-pleading of the plaintiffs’ failed arguments, making the filing of...
Jackson National Agrees to Settle Self-Dealing Suit
The lawsuit alleged that the company selected high-cost proprietary investment products offered and managed by Jackson National and its affiliates...
Putnam Asks for Stay in Self-Dealing Case to Seek Supreme Court Input
The question for the Supreme Court is whether the plaintiff or the defendant bears the burden of proof on loss...
New York AG Accuses Exxon of Misleading Investors About Climate Change Risk
The New York State Common Retirement Fund and the New York State Teachers Retirement System hold Exxon shares with a...
TPA Owners Indicted for Retirement Plan Theft
The co-owners of Vantage Benefits Administrators misappropriated funds from at least 1,000 plan participants in at least 20 employers’ retirement...
Dignity Health ‘Church Plan’ Litigation Defeats Dismissal Motions
The case already made it once to the Supreme Court which helped to clarify what it means to be a...
Appellate Court Revives Putnam Self-Dealing Suit
The 1st U.S. Circuit Court of Appeals found “several errors of law in the district court’s rulings.”
Health Care Provider Accused of Excessive Fees in 403(b) and 401(k) Plans
A lawsuit alleges that the defendants failed to take advantage of the plans' bargaining power by only offering actively managed...
Fidelity Faces Another 401(k) Self-Dealing Lawsuit
The lawsuit not only calls out Fidelity’s use of all proprietary funds in its 401(k) investment lineup, but also accuses...
Reliance Trust Settles DOL Lawsuit Over ESOP Valuation
The lawsuit alleged that employee stock ownership plan participants overpaid for company stock.
Company That Acquired DST Systems Sued Over Profit Sharing Plan Investment
As in a previous lawsuit, the complaint questions the fiduciary prudence of investing profit sharing plan assets in the Sequoia...
Court Pares Down 401(k) Self-Dealing Suit Against Neuberger Berman
Leaving only the prohibited transaction claim to move forward, a federal judge found most defendants were not fiduciaries with respect...
Court Deems Principal Not a Fiduciary in Lawsuit Over GICs
The court granted the Principal defendants’ motion for summary judgment on all counts in a case questioning guaranteed investment contract...
KRS Wins Lawsuit While Another Suit Over Hedge Fund Investments Is Ongoing
A court agreed that the Kentucky Retirement System board of trustees were permitted by law to choose alternative investments one...
Divisions Remain in Courts Regarding the Burden of Proof
A case set to go to the U.S. Supreme Court for a decision about who bears the burden of proof...
Frontier Communications Stock Drop Lawsuit Alleges Imprudent Telecom Concentration
The DC plan trust of Frontier Communications was 219-times more concentrated in Verizon stock than defendants felt was appropriate for...
Former Church Employees Awarded Retirement Benefits
Evidence was presented that showed supplemental retirement benefits were placed in the church's building campaign.
Judge Moves Forward Some Claims in M&T Bank Proprietary Funds Suit
Several defendants, including M&T Bank and certain Wilmington Trust subsidiaries were found not to be fiduciaries and dismissed from the...