Plaintiffs Clear Dismissal in Case Involving Prudential’s GoalMaker
The judge also denies a bid by the U.S. Chamber of Commerce to file a ‘friend of the court’ brief...
Tag: ERISA
Metro Bank Founder, Wife Sued by DOL Over Profit-Sharing Plan Losses
The lawsuit suggests Vernon and Shirley Hill invested as much as 70% of a profit-sharing plan’s assets in the stock...
EBSA Issues New Audit Independence Guidance
A new bulletin addresses the ‘independence’ requirement for accountants who audit employee benefit plans under the Employee Retirement Income Security...
ADP Ruling Includes Cross-Selling Claims Dismissal
The mixed dismissal motion ruling, which sides mostly with the plaintiffs, agrees with the defense that certain data-sharing among providers...
Lawsuit Cites 401(k) Plan Omission of Target-Date Funds Among Problems
The target of a new Employee Retirement Income Security Act case is a plan sponsor with more than 20,000 participants...
UnitedHealth CFO Rex Is Named a Defendant in ERISA Lawsuit
Plaintiffs’ attorneys have filed an amended Employee Retirement Income Security Act complaint, adding two new claims.
Plaintiffs Claim AME Church Plan Is Subject to ERISA
A consolidated class action complaint claims that the church’s 401(k) plan elected to be governed by the Employee Retirement Income...
Plaintiffs Say Swiss Re Plan Fiduciaries Committed Breaches
The plaintiffs suggest their retirement plan’s fiduciaries failed to fully disclose the expenses and risk of the plan’s investment options...
Latest ERISA Complaint Targets Marmon Holdings
Similar groups of plaintiffs represented by law firm Capozzi Adler have met with mixed success in pursuing nearly identical claims.
Appeals Court Upholds Decision in Boeing Stock-Drop Case
Judges reaffirm the role of third-party fiduciaries in stock plans.
Plaintiffs’ Firms Must Pay $1.5 Million for ‘Vexatious’ Litigation
An order against the firms, which were involved in lengthy litigation against Great-West, states that they behaved recklessly and unfairly...
Managed Account Fees Challenged in Latest ERISA Lawsuit
The lawsuit comes as retirement plan sponsors and participants express increased interest in personalization and managed account services.
Settlement Struck in L Brands ERISA Lawsuit
The defendants were accused of failing to monitor the average expense ratios charged to similarly sized plans for investment management...
More TDF Underperformance Lawsuits Emerge Across US
Among the latest major employers to be sued under ERISA for alleged underperformance of default investment options are Marsh &...
Northern Trust Fails to Get Proprietary Fund Suit Dismissed
A judge has rejected the defendants’ arguments that the same reasoning applied by two circuit courts in other cases should...
TriHealth Excessive Fee Ruling Partly Remanded by 6th Circuit
The short appellate ruling notes that new precedents have overtaken some of the debates in the case.
ERISA Lawsuit Levelled at Another Health System
The complaint alleges that an imprudent fiduciary process resulted in the selection and maintenance of several funds in the plan...
Dismissal Motions Rejected in UMMS ERISA Lawsuit
The defendants contest their process ensures that any fees paid by participants are reasonable and all services and investment offerings...
DOL Sues Multiple Employer Plan Administrator
Labor Secretary Marty Walsh has alleged several ERISA breaches.
Parties File Settlement Agreement in MEP ERISA Lawsuit
The gross settlement amount tops $1 million, of which a third can be used to pay the plaintiffs’ attorneys’ fees.