Biogen Targeted in Recent Suit About Use of Fidelity TDF Suite
The lawsuit challenges Biogen’s use of the actively managed Freedom Funds over the index version of the target-date fund suite.
Tag: ERISA
Computer Graphics Company Targeted in ERISA Excessive Fee Suit
The suit alleges 401(k) plan fiduciaries failed to use the lowest cost share classes or consider CIT versions of mutual...
Technical Ruling Clears UPS in ERISA Actuarial Equivalence Lawsuit
The pro-defense ruling highlights the importance of exhausting potential administrative remedies before filing a lawsuit under ERISA.
Law Firm Continues Its Roll With ERISA Excessive Fee Suits
The complaint against B. Braun Medical reads like a copy of many suits Capozzi Adler has filed since December.
Additional ESOP Valuation Litigation Targets Wilmington Trust
According to the lead plaintiff, fiduciary violations occurred when an inflated valuation provided by Wilmington Trust caused an employee stock...
Supreme Court Asked to Weigh in on Multiemployer Plan Withdrawal Liability for PE Firms
A multiemployer pension fund argues that an appellate court decision shields private equity firms that take on a withdrawing employer...
Colgate May Have to Make Additional Payments to Retirees
A court ordered Colgate-Palmolive to recalculate benefits paid to certain retirees from its cash balance plan but stayed the relief...
Parties in Lawsuit Over Revenue Sharing in 401(k) Plan Agree to Settle
BTG International and company officials agreed to pay $560,000 to settle charges they allowed the plan’s recordkeeper to receive unreasonable...
iHeart Communications Faces 401(k) Excessive Fee Suit
Company 401(k) plan fiduciaries are accused of failing to negotiate for better fees, switch to collective trusts and switch to...
Another Lawsuit Takes Aim at Plan’s Use of Fidelity Active TDF Suite
The lawsuit also calls out what it says are ‘additional objectively imprudent investment options,’ and claims recordkeeping fees were excessive.
Retirees Sue Liberty Mutual for Retirement Health Coverage
The plaintiffs in a new ERISA lawsuit say Liberty Mutual is not meeting the terms of summary plan descriptions sent...
LinkedIn Joins List of Plan Sponsors Targeted in Stream of Excessive Fee Suits
The allegations are similar to other ERISA excessive fee suits, including a challenge to the use of the Fidelity Freedom...
McKinsey Agrees to Settle Excessive Fee Lawsuit
In addition to a $39.5 million payment, the firm has agreed to a number of prospective steps to ensure reasonable...
Gannett Co. ERISA Lawsuit Revived by 4th Circuit
Helping to explain the break with the post-Dudenhoeffer tradition of courts rejecting similar stock-drop suits, the majority opinion in this...
Mercy Health Corp. Faces 403(b) Plan Excessive Fee Lawsuit
Among other things, the lawsuit alleges the health care system unreasonably maintained investment advisers and consultants despite the known availability...
American Airlines Prevails in ERISA Lawsuit
A federal judge found the plaintiffs did not show they suffered an injury by American’s decision to include a credit...
More ERISA Plaintiffs Challenge Use of Active TDF Suit
A new lawsuit claims the defendants failed to compare the merits of active and index target-date fund suites managed by...
District Court Says ‘Actuarial Equivalence’ ERISA Challenge Can Proceed
A previous ruling was handed down in the case in January, when the parties were given an opportunity to submit...
DOL’s Proposed ESG Restrictions Panned in Public Comments
The clear trend among investment managers, retirement industry professionals and members of the public is skepticism about the need for...
$10M Settlement Reached in NRECA ERISA Litigation
Beyond the cash reimbursement to the plan, the settlement requires regular fee studies and a recordkeeping RFP process at least...