Allstate Faces ERISA Interference of Benefits Claims
An equitable tolling period enlarged the number of plaintiffs that can move forward with interference of benefits claims.
Tag: Litigation
Court Dismisses Edison Stock Drop Lawsuit
A judge found plaintiffs failed to suggest alternative actions the company could have taken that would not potentially harm the...
Disney Sued Over Investment in Sequoia Fund
The lawsuit claims the fund violated retirement plan investment policies because it concentrated investments in a single pharmaceutical company stock.
American Century Accused of Self-Dealing in Its 401(k)
The lawsuit accuses the fund provider of loading its retirement plan with its own funds and using share classes of...
Excessive Fee Suit Calls Out Custom TDFs
The lawsuit asserts that fiduciaries to the Fujitsu Group Defined Contribution and 401(k) Plan hired an investment adviser with no...
Court Finds Equity Compensation Plan Not an ERISA Plan
An appellate court agreed with a lower court that the plan’s purpose was not to provide deferred compensation or retirement...
Small Plan Excessive Fee Suit Voluntarily Dismissed
The lawsuit argued that even a $9 million dollar, 114-participant plan has the ability to negotiate for substantially lower fees...
Aegon and Transamerica Settle ERISA Self-Dealing Suit
Plaintiffs alleged their retirement plan sponsor engaged in self-dealing by favoring its own products in the plan and otherwise failing...
Another Firm Targeted by DOL Over Inaccurate ESOP Valuations
An Ohio-based transportation and logistics company is accused of overpricing its company stock by nearly $6 million.
Court’s Decision About State Street’s Handling of GM Stock Stands
The U.S. Supreme Court denied a petition for writ of certiorari that questioned its logic in the case of Fifth...
Court Moves Forward Great-West ERISA Suit
A federal judge has certified as a class action a case regarding Great-West Life & Annuity Insurance Company’s handling of...
Court Finds Former Participant Is a Plan Fiduciary
According to a federal court, Pamela Neely is a plan fiduciary because she controls assets of the plan she received...
New Church Plan Lawsuit Presents a Different Angle
While other lawsuits question a retirement plan’s “church plan” status, a new suit contends a church plan elected to be...
MassMutual Accepts Settlement Terms in Excessive Fee Suit
The recordkeeper agrees to pay $31 million to cover claims of excessive fees in its retirement plans.
PSNC 2016: Washington Insights
Litigation is the main concern for DC plan sponsors right now.
Third Time’s a Charm in Lehman Brothers Stock Drop Suit
In its third visit to the 2nd Circuit, an Employee Retirement Income Security Act (ERISA) lawsuit was decided in favor...
Constitutionality Question Raised in Church Plan Challenge
Participants in a “church plan” say their employer improperly claimed the protected status, violating both ERISA and potentially the U.S....
Opinions |
Barry’s Pickings Online: Investment Choice and Fee Litigation
If you give retirement plan participants enough good (that is, efficiently-priced) choices, can you include funds in the fund menu...
DOL Supports Reformation of Foot Locker Cash Balance Plan
The DOL disagreed with Foot Locker’s argument that each participant must show he or she detrimentally relied on Foot Locker's...
Court Allows Participants to Seek Plan Reformation Relief
A federal appellate court has determined that retirement plan participants’ equitable relief claims under ERISA are not duplicative of their...