Ruling in ERISA Case Lets Adviser Partly off the Hook
A mixed-bag district court ruling in Colorado closely examines the investment policy statements and contracts which governed the relationship between...
Tag: ERISA
Appellate Court Affirms City National’s Liability in Self-Dealing Suit
However, the 9th U.S. Circuit Court of Appeals did remand back to a district court the calculation of interest on...
BTG International Subject to ERISA Revenue Sharing Suit
The complaint suggests defendants “larded the plan with excessively expensive sub-advised accounts” that paid excessive fees to the recordkeeper John...
Court Denies Summary Judgement in SafeWay ERISA Lawsuits
The court has ruled that the litigation can proceed to trial because SafeWay’s summary dismissal argument that the plaintiffs’ case...
ESG, Proxy Voting Trends Unlikely to Shift on Executive Order
The ultimate impact of President Trump’s new executive order is likely to be more symbolic than substantive when it comes...
DOL Offers Relief for Plan Sponsors Due to Severe Storms
The relief on ERISA compliance applies to plan sponsors in Nebraska, Iowa and Alabama identified now or in the future...
Fidelity Faces Another ‘Pay-to-Play’ Lawsuit
Fidelity faces a third lawsuit alleging the company collects “secret kickback payments” from mutual fund providers on its recordkeeping platform—claims...
Plaintiffs in Chevron Case Ask Supreme Court to Review ERISA Pleading Standards
Participants in Chevron’s DC plan say the 9th Circuit applied unnecessarily high pleading standards, “precluding petitioners from pursuing claims that...
Court Orders Briefing in George Washington University ERISA Suit
The question in the lawsuit, according to a federal judge, is whether the plaintiff has standing to sue, for one,...
Great-West Appellate Court Ruling Clarifies Duties of ‘Parties in Interest’
The appellate court decision tests ERISA’s restrictions on transactions between fiduciaries and non-fiduciary third parties, referred to as “parties in...
12 Years of Litigation Deliver Final Settlement in Tussey vs. ABB
The plan sponsor was previously ordered to make reforms such as using lower-cost share classes and conducting an open recordkeeping...
(b)lines Ask the Experts – Timing for Coverage and General Nondiscrimination Testing
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.
Stay Motion Signals End of Eaton Vance ERISA Challenge
The parties anticipate that they will be in a position to submit a formal settlement motion to the court within...
Fidelity Faces Second Lawsuit Over Undisclosed Payment Scheme
Fidelity is accused of charging an illegal and undisclosed pay-to-play fee that Fidelity extracts from investment companies that wish to...
IBM Petitions Supreme Court to Consider Dudenhoeffer Pleading Standard
A U.S. Appeals Court rejected a District Court’s finding that was similar to many decision in lawsuits following the Supreme...
Intel Wants Supreme Court’s Take on ‘Actual Knowledge’ Under ERISA
A decision by the Supreme Court on the question of what establishes “actual knowledge” of an alleged breach of fiduciary...
Judge Rules ERISA Equitable Remedy Cases Have No Right to Jury Trial
A federal judge made this decision in allowing Massachusetts Institute of Technology’s motion to strike plaintiffs’ demand for a jury...
Oracle Defeats Most ERISA Class Action Claims
The defense benefited strongly from the fact that expert witness testimony given in favor of plaintiffs was rejected by the...
ERISA Annuity Safe Harbor Bill Introduced in House
H.R. 1439, known as the Increasing Access to a Secure Retirement Act, would establish a stronger Employee Retirement Income Security...
U.S. Supreme Court Denies USC Petition to Review Motion to Compel Arbitration
The denial leaves in place an appellate court’s decision that claims in a lawsuit against the University of Southern California...