“Impending Collapse” not Necessary to Rebut Presumption of Prudence
June 9, 2011 (PLANSPONSOR.com) – In an amicus brief filed on behalf of plaintiffs in Taylor v. KeyCorp, Secretary of...
Tag: Company Stock
DoL Gets $10.5M for DirecTECH ESOP Plan Participants
June 8, 2011 (PLANSPONSOR.com) - The U.S. Department of Labor has obtained six consent judgments requiring payment of $10,454,545 in...
Court Grants Class Certification in First Horizon 401(k) Suit
June 7, 2011 (PLANSPONSOR.com) – The U.S. District Court for the Western District of Tennessee has granted conditional class certification...
Appellate Court Denies Rehearing of Kraft Fee Suit
May 27, 2011 (PLANSPONSOR.com) – The 7th U.S. Circuit Court of Appeals has denied a petition to rehear a case...
Groups Urge Court to Review Kraft Fee Case Ruling
May 19, 2011 (PLANSPONSOR.com) - The ERISA Industry Committee (ERIC) and other groups are urging a federal appellate court to...
Court Rejects 404(c) Defense in Certifying Stock Drop Suit Class
May 6, 2011 (PLANSPONSOR.com) – A U.S. District Court has certified as a class action a suit against YRC Worldwide...
Plan Participants Denied Share of Motorola Securities Suit Settlement
May 5, 2011 (PLANSPONSOR.com) – Motorola 401(k) Profit-Sharing Plan participants are excluded from the class specified in a securities lawsuit...
Settlement Reached in PFF Bancorp Suit
May 2, 2011 (PLANSPONSOR.com) - A court has approved a $3 million settlement of a case accusing PFF Bancorp Inc...
DoL Urges 6th Circuit to Reverse Ruling in Stock Drop Case
April 26, 2011 (PLANSPONSOR.com) – In an amicus brief, the U.S. Department of Labor has asked the 6th U.S. Circuit...
Fiduciaries Showing no Compliance with 404(c) Breached Duties
April 21, 2011 (PLANSPONSOR.com) – A U.S. appeals court has found that where Employee Retirement Income Security Act § 404(c)...
AIG Stock Drop Claims Survive Dismissal Attempt
April 4, 2011 (PLANSPONSOR.com) – American International Group (AIG) must face some claims by current and former employees that it...
Court Decides More Facts Needed in Stock Drop Suit
April 4, 2011 (PLANSPONSOR.com) – The U.S. District Court for the District of Maryland has ruled that the presumption of...
Bank Wins Dismissal of Company Stock Suit
April 4, 2011 (PLANSPONSOR.com) – Another court has used the “presumption of prudence” standard to rule for the employer in...
Stock-Drop Case against UBS Tossed
March 29, 2011 (PLANSPONSOR.com) – A federal judge in New York has thrown out a stock-drop lawsuit against UBS AG...
Opinions |
IMHO: Court Costs
March 23, 2011 (PLANSPONSOR.com) - Last week brought to light an aspect of 401(k) litigation that doesn’t...
Court Drops Breach of Fiduciary Duty Claim in Stock Drop Suit
March 21, 2011 (PLANSPONSOR.com) – A court has dismissed a claim for breach of the fiduciary duty of prudence and...
Employer in Stock Drop Suit Awarded $50K in Costs
March 18, 2011 (PLANSPONSOR.com) – A federal judge in Illinois has awarded the employer in a stock-drop case $50,000 in...
Macy’s Stock Fiduciary Breach Suit Certified as Class Action
March 14, 2011 (PLANSPONSOR.com) – A lawsuit questioning Macy’s Inc.’s decision to continue offering company stock in its retirement plans...
IRS Defines “Readily Tradable” Employer Securities
February 28, 2011 (PLANSPONSOR.com) – The Internal Revenue Service has issued a notice providing guidance regarding when securities of the...
ERIC Argues Stock Drop Dismissal Should Stand on Appeal
February 18, 2011 (PLANSPONSOR.com) – The ERISA Industry Committee (ERIC) has urged a federal appellate court not to disturb a...