Tag: retirement plan participant lawsuits

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...

The lawsuit questions the selection of underlying investments for the Principal LifeTime Hybrid Collective Investment Funds, alleging Principal used proprietary...

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

An amici curiae brief filed by the American Council on Education and other higher education associations details the history of...

Former committee members for the pension plan of St. Elizabeth Medical Center moved to have themselves dismissed from a lawsuit...

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...

In addition to a monetary payment of $4.75 million, the bank agreed to non-monetary terms regarding payment and vesting of...

Just as another court did in a similar complaint against John Hancock, brought by the same plaintiffs, the 9th Circuit...

The 1st U.S. Circuit Court of Appeals found that Fidelity’s decision to obtain more secure wrap coverage for the stable...

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.

The court found participant claims did not meet standards set forth in Fifth Third Bank v. Dudenhoeffer.