DOL Issues Guidance for Investors, Plans on Investment Advice Exemption
It sets forth questions an investor can ask potential advice providers and information to help them understand the purpose of...
Tag: Fiduciary
Products |
Center for Board Certified Fiduciaries to Offer Master’s, Ph.D.
Thirty-five fiduciary advocates and leaders have created the center, which will be affiliated with at least one university, to help...
USI Insurance Latest to Face ERISA Self-Dealing Complaint
The complaint suggests USI and its officers have not operated the company’s retirement plan benefit prudently or loyally.
Self-Dealing ERISA Suit Targets Principal Insurance Co.
The lawsuit suggests the defendants chose and maintained Principal investment products and plan administration services because Principal, its subsidiaries and...
Detailed Ruling Leaves Key Claims Standing in Land O’Lakes Suit
The mixed ruling comes in response to the Land O’Lakes defendants’ motion to dismiss the suit based on a lack...
ERISA Fiduciary Breach Lawsuit Targets Coca-Cola Bottler MEP
The complaint alleges the defendants failed to choose less costly and equally or better-performing investment options for the plan, or...
Biden’s DOL Secretary Pick Walsh Faces Senate Scrutiny This Week
Union leaders say Marty Walsh is a tremendous leader with the kind of empathy, vision and commitment to working families...
Summary Judgment Denied in BlackRock ERISA Dispute
A district court has rejected dueling summary judgment motions filed by the plaintiffs and defendants in an ERISA self-dealing lawsuit...
District Judge Grants Dismissal of Vail Resorts ERISA Lawsuit
Central to the dismissal is the consideration of several issues of standing.
Another Fiduciary Breach Lawsuit Filed Against Allstate
The new complaint states that the Allstate defendants mishandled the process of picking the plan’s default target-date fund suite.
Why Some ERISA Litigation Trends May Turn in 2021
It may seem like the pace of ERISA litigation will never slow down, but one ERISA attorney says he is...
DOL Adopts New Prohibited Transaction Exemption
The regulator has finalized a potentially important new prohibited transaction exemption.
ERISA Fiduciary Breach Complaint Targets Coca-Cola Bottler
The plaintiffs in the case are represented by the increasingly well-known law firm Capozzi Adler, which has in the past...
$17.5M Settlement Reached Over ‘Too Conservative’ Plan Investments
The plan’s investment policy statement allegedly called for 70% of the plan’s assets to be allocated into domestic fixed income...
PEPs Carry Evolving Fiduciary Risks of Their Own
The legal complexities that emerge when a single employer operates a retirement plan for its own staff are already immense;...
Another Health Care Provider Accused of ERISA Breaches
Barnabas Health is the latest to face class action allegations filed by the law firm Capozzi Adler.
DOL Fiduciary Rule Debate Continues in Public Comments
Some argue the fiduciary proposal is being rushed, while others broadly support the Department of Labor’s aim to align its...
DOL’s Proposed ESG Restrictions Criticized by Senate Democrats
The Democratic senators join in a chorus of concerned stakeholders who say the DOL is being overly restrictive about the...
Wawa ERISA Fiduciary Breach Lawsuit Settlement Revealed
The class action settlement agreement includes $21.6 million in cash payments, with no admission of wrongdoing by the plan’s fiduciaries.
Judge Roundly Rejects CareerBuilder ERISA Lawsuit
The text of the dismissal ruling relies heavily on precedent set by the United States 7th Circuit Court of Appeals.