Tag: Litigation

The Investment Company Institute applauds the California governor and legislature for aiming to promote savings among the state’s private sector...

The 9th Circuit will review whether the plaintiff can raise an “ongoing-duty-to-monitor” argument in his retirement plan excessive fee suit.

The spouse of a deceased participant in the plan argued that the provision’s requirement that she share the cost of...

The case calls out one fund in particular, which it says “was larded with high fees and has suffered from...

Allegations are similar to a number of other self-dealing lawsuits against fund managers this year.

The case stemmed from the activities of workers who reported on the trustee’s interference with collections and contributions from unionized...

The appellate court agreed with a lower court that the health provider’s pension plan did not fit the definition of...

The bank will pay at least $60 million to ERISA plan clients.

A federal court has removed the plan’s fiduciary and replaced him with an independent fiduciary.

A net settlement fund of approximately $4.345 million will be divided among eligible class members, according to attorneys for the...

The settlement agreement orders the fund to adopt a new selection policy and engage in a new search process.

A federal appellate court found the consultant was not acting as a plan fiduciary.

The fund had an annual costs of 35 bps per year in the plans being targeted by the latest self-dealing...

Plaintiffs say the “artificial inflation of the company stock price” made Target shares a bad investment for the ESOP. 

Checksmart and its investment adviser, Cetera Advisor Networks, have been specifically targeted over fees of risk-based asset allocation funds in...

A federal district court found that, although the confirmed reorganization plan for the company was ambiguous as to whether ESOP...

Berkshire Hathaway’s decision to freeze a subsidiary’s pension plan will get another look in district court. 

In the complaint, the plaintiff suggests several actions Target could have taken when it knew or should have known its...

An appellate court ruled that the float income incurred when making distributions to retirement plan participants are not plan assets.

The former pilots claim the agency shortchanged their benefits to hold on to assets in order to earn investment returns...