Tag: retirement plan participant lawsuit

For one thing, the plaintiff argues the briefs filed in support of the University of Pennsylvania provide the university an...

The complaint says that instead of offering a stable value fund in its 401(k) plan, American Airlines offered the AA...

The lawsuit alleges investment firms sold investments to KRS that were “extremely high-risk” and produced “excessive fees, poor returns and...

Northern Trust amended its benefit formula in 2012 and provided a transitional benefit that assumed salary increases of 1.5% per...

A federal district court judge agreed that TIAA is not a fiduciary with respect to the design of its participant...

A federal district court judge denied dismissal of most violation of duty of prudence claims.

The university also asks that the plaintiffs not be able to attempt to use evidence that their prudent measures and...

The defendants argued that a court decision in a self-dealing lawsuit against Wells Fargo supports their motion to dismiss their...

The lawsuit alleges that Gannett Co., its benefit plans committee and other fiduciaries’ decision to concentrate plan investments in Gannett’s...

The appellate court found no evidence that the CVS retirement plan’s stable value fund departed radically from the investment standards...

A federal district court judge ruled a new complaint alleging Voya Financial and Voya Retirement Advisors engaged in prohibited transactions...

One point the appellate court clearly noted is that the plaintiff did not allege that the new company failed to...

Complaints against individual defendants, however, were not dropped.

A beneficiary of a deceased pension plan participant has filed both a fiduciary violation claim and a claim for benefits,...

The firm’s lawyers noted that the plaintiff signed an agreement not to pursue any class action claims, but a Supreme...

A federal judge had dismissed claims related to one of the university’s plans, but a new complaint, and a new...

While some claims were dismissed, others were moved forward.

A judge ultimately found that Great-West Life & Annuity Insurance Company was not a fiduciary with respect to the fund...

Last month, J.P. Morgan agreed to pay $75 million to settle litigation accusing it of investing stable value funds in...

Throughout the complaint, the plaintiff alleges that the plan’s fiduciaries’ lack of a systematic and unbiased review process caused participants...