Supreme Court Refuses to Hear Lawsuit Over Prohibited Transactions Related to a GIC
Whether Principal acts as a fiduciary when setting the crediting rate for its GIC goes back to a federal district...
Tag: ERISA
Supreme Court Asked to Review Sufficiency of Excessive Fee Imprudence Claims
In a case against Northwestern University, the petitioners ask whether allegations that a plan paid or charged its participants fees...
Abbott Defendants Dismissed From Retirement Plan Cybersecurity Lawsuit
However, a federal judge did not dismiss claims against the recordkeeper for the Abbott Laboratories Stock Retirement Plan.
TriNet Latest to Face Familiar Fiduciary Breach Allegations
Yet another piece of ERISA litigation has been filed by the law firm Capozzi Adler, this one following the same...
ERISA Litigation Targets Insurance Services Office
The complaint, which includes stretches of text directly copied from previous lawsuits, says the plan sponsor’s actions were contrary to...
Well-Known ERISA Plaintiffs’ Attorneys Sanctioned for ‘Reckless’ Litigation
A discredited expert witness and plaintiffs who had no problem with their service provider until they were solicited to join...
New York Transit Worker Pension Plans Sue Over Fund Mismanagement
The lawsuit claims an investment manager failed to follow its stated investment strategy during the COVID-19-related market volatility, resulting in...
Another Health Care Provider Accused of ERISA Breaches
Barnabas Health is the latest to face class action allegations filed by the law firm Capozzi Adler.
Some View EBSA Income Projections as Too ‘Prescriptive’
Recordkeepers and asset managers want more flexibility in terms of how their clients generate newly mandated lifetime income projections on...
MGM Resorts Hit With 401(k) Plan Excessive Fee Suit
The allegations are similar to many other pieces of litigation challenging the use of actively managed funds over passive funds...
Cornell Agrees to Pay $225,000 to Settle Suit Regarding 403(b) Plan
The settlement is limited to the single claim that survived summary judgment, related to the share class of the TIAA-CREF...
Duke Energy Faces Classic Excessive Fee Lawsuit
The complaint suggests the plan’s recordkeeping expenses demonstrate that defendants failed to engage in prudent monitoring and engage in prudent...
Sizable Settlement Reached in OSF Health ‘Church Plan’ Lawsuit
In the settlement agreement, OSF Health admits no wrongdoing, but the hospital system agrees to pay a sum of $25...
Court Ruling Mixed on Home Depot Dismissal Motion
While a court has ruled the plan’s advisers should be carved out of the litigation, the counts against Home Depot...
Insurance Companies Agree to Settle Self-Dealing Suit
Mutual of Omaha and United of Omaha agreed to pay $6.7 million to settle claims they selected certain investment options...
Providers to DB Plans Face Lawsuit Over Investment Strategy
Because downside protection promised for certain funds wasn’t provided and it wasn’t warned, the committee for defined benefit plans of...
Former Intel Plan Participant Reiterates His Claims
Now that the U.S. Supreme Court has decided the ‘actual knowledge’ issue, perhaps the industry will get a court ruling...
Excessive Fee, Self-Dealing Charges Filed Against Pentegra-Sponsored MEP
The lawsuit says fiduciaries of the multiple employer plan failed to ensure reasonable fees for administration and investments and acted...
Parties in Cornell 403(b) Excessive Fee Suit Announce Settlement
There was only one claim left in the lawsuit that was scheduled for trial to begin on September 29.
Sutter Health Faces Second Lawsuit Challenging Use of Actively Managed TDFs
The most recent lawsuit says the actively managed suite’s risk has been amplified during the COVID-19 pandemic.