Xerox Wins Dismissal of Suit Over Financial Engines Offering
Neither Xerox nor Financial Engines were acting in a fiduciary capacity relating to their fee arrangement, a court found.
Tag: retirement plan participant lawsuits
The Current State of Retirement Plan Litigation
Panelists at the 2017 PLANADVISER National Conference discuss the state of litigation in the retirement plan industry and lessons learned...
Phillips 66 Retirement Plan Faces Suit Over Inclusion of Former Parent Stock
Not only does the lawsuit claim ConocoPhillips stock does not meet ERISA’s definition of “employer securities,” but it says participants...
TDF Underlying Funds and Revenue-Sharing Disclosure Claims Dismissed in Lawsuit
The participant only prevailed in moving forward a claim that Verizon allowed an imprudent investment option to continue to be...
Fidelity Wins Dismissal of Suit Over Advice and SDBAs
The court basically decided Fidelity was not the fiduciary responsible for choosing to provide the advice and SDBA offerings to...
Wells Fargo Stock Drop Suit Dismissed
A federal district court ruled the plaintiffs did not meet all the pleading standards set forth by the U.S. Supreme...
Case Against University of Pennsylvania 403(b) Plan Dismissed
A federal court judge basically found many of the allegations stated normal business practices and the plaintiff did not offer...
Court Finds ESOP Fiduciaries Had No Good Reason to Delay Diversification
The court granted summary judgment to the plaintiffs and ordered their benefits be paid along with prejudgment interest.