5th Circuit Affirms Dismissal of RadioShack Stock Drop Suit
The court found participant claims did not meet standards set forth in Fifth Third Bank v. Dudenhoeffer.
Tag: ERISA
DOL Reports Robust ERISA Enforcement in 2017
The Employee Benefits Security Administration (EBSA) restored more than $1.1 billion to retirement plans, health plans and other welfare benefit...
Self-Dealing Suit Filed Against Mutual of Omaha
The complaint alleges fiduciaries of Mutual of Omaha’s 401(k) plan violated their fiduciary duties by selecting numerous investment options because...
Supreme Court Asked to Weigh In on Two Claims Regarding Denial of Benefits
A beneficiary of a deceased pension plan participant has filed both a fiduciary violation claim and a claim for benefits,...
Request to Appeal Class Certification Denied in Franklin Templeton Suit
The firm’s lawyers noted that the plaintiff signed an agreement not to pursue any class action claims, but a Supreme...
Ruling in Charles Schwab Self-Dealing Suit Suggests Limits of Arbitration Agreements
For one thing, a federal court judge found the defendants provide no authority supporting their contention that a plan document...
University of Chicago 403(b) Suit Gets Claims Added Back
A federal judge had dismissed claims related to one of the university’s plans, but a new complaint, and a new...
Vanderbilt University 403(b) Plan Suit Continues to Next Stage
While some claims were dismissed, others were moved forward.
Settlement Agreement May Conclude Allianz Self-Dealing Challenge
Along with non-monetary relief, Allianz will pay $12 million into a common fund for the benefit of class members, to...
Princeton University Lawsuit Stayed While 3rd Circuit Deliberates
On the motion for reconsideration of its previous choice to rule against summary dismissal, the court is quite skeptical. It...
Great-West Wins Suit Over Key Guaranteed Portfolio Fund
A judge ultimately found that Great-West Life & Annuity Insurance Company was not a fiduciary with respect to the fund...
Reports Suggest Massive Fraud in DOL Fiduciary Rule Commentary Process
So far, reporting seems to suggest that the numerous fraudulent comments submitted to DOL regarding the fiduciary rule were done...
Court Finds Divorce Decree Qualifies as QDRO
Although the case involves an employer-provided life insurance plan, it has lessons for what constitutes a QDRO for all ERISA...
New EBSA Leader Preston Rutledge Takes Up Trump Agenda
Following news of Preston Rutledge’s approval by the full Senate to head the Employee Benefits Security Administration, several retirement industry...
ERISA Litigation Shows No Sign of Slowing in 2018
Proprietary fund lawsuits are viewed by plaintiffs’ firms as one of the types of excessive fee cases that are likely...
Tax Bill Impacts Provisions of ERISA Plans
The bill does not impact tax breaks for retirement savings.
Delta Air Lines Excessive Fee ERISA Lawsuit Dismissed
Drawing on a number of recent decisions, the district court ruled the plaintiffs did not adequately describe how the offering...
EBSA Nominee Rutledge Advances Through Senate Help Committee
Preston Rutledge seems to be enjoying relatively little opposition as he moves closer to becoming the Assistant Secretary of Labor...
IRI Warns Conflict of Interest Reforms Could Discourage Annuity Use
Investors are generally capable of looking out for their own interests and should have freedom of access to shop the...
CenturyLink Faces ERISA Lawsuit on Custom Large Cap Fund Design
The complaint seeks to state a claim—without relying on hindsight—by arguing the underperformance of a large cap fund was “virtually...