Salesforce Accused of Fiduciary Imprudence in New ERISA Lawsuit
Case documents show Salesforce has actually changed some of the practices that are criticized in the complaint, but the plaintiffs...
Tag: ERISA
Mediation Leads to $29M Settlement in SunTrust ERISA Litigation
The underlying lawsuit alleged that SunTrust Bank’s 401(k) plan engaged in corporate self-dealing at the expense of plan participants.
Lawsuit Arguing ERISA Preemption of CalSavers Dismissed
A federal court judge found no impermissible reference to or connection with ERISA plans in the statute establishing California’s state-run...
Invesco Agrees to Pay Nearly $3.5 Million to Settle Self-Dealing Claims
The firm has also agreed to offer non-proprietary ETFs in its 401(k) plan’s self-directed brokerage account.
Teva Pharma Argues DC Plan Fiduciaries Acted Prudently
Defendants in an excessive fee case point to an appellate court decision that found "the fact that fiduciaries did not...
ERISA Lawsuit Challenging CenturyLink Fund Choices Dismissed
The decision emphasizes that the use of hindsight to judge the prudence of fiduciaries’ investment decisions is impermissible under ERISA.
Class Action ERISA Fiduciary Breach Lawsuit Targets Evonik
Similar to the plethora of ERISA excessive fee fiduciary breach lawsuits that have been filed in recent years, this one...
DOL Announces Know Your Fiduciary Responsibilities Webcast Series
Contents of the DOL’s Getting It Right – Know Your Fiduciary Responsibilities seminar will be presented via three different webcast...
Former Pension Fund Trustee to Pay $462K for Embezzlement
The trustee embezzled approximately $186,123.93 from the plan, as well as knowingly and willingly failed to file a required annual...
Self-Dealing ERISA Challenge Targets John Hancock
“Defendant has not acted in the best interest of the plan and its participants,” the complaint states. “Instead, defendant used...
Oracle Agrees to Settle ERISA Lawsuit
A non-monetary component of the settlement requires Oracle to instruct its 401(k) plan recordkeeper to not solicit participants for cross-selling...
Uncertainty Remains After Supreme Court’s Intel Ruling
Sources debate whether electronic delivery of retirement plan disclosures could blunt some of the impact of the Supreme Court’s ruling...
Supreme Court Sides With Plaintiffs in Intel ERISA Challenge Testing ‘Actual Knowledge’
Expert attorneys say the ruling is significant for a variety of reasons—not least because it expands the potential liability plan...
Dated Mortality Assumption ERISA Lawsuit Will Proceed to Trial
The decision against summary dismissal of Herndon vs. Huntington Ingalls is made more significant by the fact that similar cases...
Reliance Trust ESOP Lawsuit Clears Dismissal Motion
The Department of Labor alleges various failures and points of wrongdoing associated with sale of company stock to RVR Inc....
Court Advances Suit Regarding Delta Air Lines’ Offset of Pension Benefits
It was found that the pension plan committee did not reasonably interpret the plan when it offset pension benefits for...
DST Systems Lawsuit Defendants Move to Disqualify Plaintiffs’ Attorneys
They found that some of the clients the attorneys were representing were former committee members alleged to have committed ERISA...
District Court Dismisses Fidelity FundsNetwork Revenue Sharing Challenge
The lawsuit sought to portray Fidelity as a functional fiduciary that was inappropriately collecting revenue sharing payments from third-party mutual...
Litigators Put Mortality Assumptions Under the Microscope
Lawsuits continue to be filed across the United States that accuse large, well-known employers of using severely outdated mortality data...
Remembering the Basics of Fiduciary Duties
What ERISA retirement plan sponsors should know about their responsibilities as they make plan decisions or even outsource decisions to...