DOL Weighs In on Fidelity Float Income Suit
The agency has asked an appellate court to reverse a district court’s dismissal of the case.
Tag: Litigation
Merrill Lynch Cleared of Wrongdoing in Excessive Fee Case
A federal district court found that Merrill Lynch was not acting as a fiduciary under ERISA.
DOL and SEC Wade Into ERISA Stock Drop Debate
The DOL and SEC both filed amicus briefs in the long-running case Whitley v BP PLC, an ERISA stock drop lawsuit...
Famous Fifth Third Stock Drop Suit Reaches Settlement
A Supreme Court ruling in the case set new standards of pleading for lawsuits against retirement plans that hold on...
Actuarial Equivalence Key in Benefits Calculation Case
A federal appellate court found that the benefit offset used by a defined benefit plan administrator was correct.
Lehman Again Granted Victory in Stock Drop Suit
Reviewing the case in light of new pleading standards set by the Supreme Court decision in Fifth Third, a court...
Top Hat Plan Dispute Time Barred
A federal appellate court did not even consider whether the plan in question was a top hat plan because it...
Lack of Documentation Trumps Verbal Designation
A deceased participant’s previous phone call to his employer’s benefit center asking to change his retirement account beneficiary cannot be...
Retirement Plan Fee Suit Against TIAA Has a New Angle
It isn’t investment costs the lawsuit complains about, but postage costs for excessive mailings.
Applied Technology Systems Ordered to Pay Back Retirement Plan
The sponsor used plan assets for non-plan purposes.
Will Plan Sponsors Feel Effect of SCOTUS Vacancy?
An ERISA attorney feels the Supreme Court vacancy will not be filled before the end of President Obama's term, but...
CalPERS Explains a Tough Benefit Denial Decision
The CalPERS Board determined that pay granted as a lawsuit settlement was not pay that could be included in pension...
District Court Decision Reversed in Gallo Vs. Moen
The central issue in the case was whether several collective bargaining agreements entitled a class of retirees from Moen Inc....
RJR Handed a New Win in Stock Divestment Decision
A district court agreed that a prudent fiduciary would have made the same decision to remove Nabisco stock from the...
Lawsuit Questions Plan’s Lack of Alternatives to Mutual Funds
The lawsuit filed by Jerome J. Schlichter of Schlichter Bogard & Denton against Chevron Corporation also accuses the firm of...
Trustees Ordered to Restore Misused Funds to Profit Sharing Plan
A DOL investigation found two officers of Alliance Home Healthcare transferred and distributed more than $1.6 million from the company’s...
Case About Reducing Hours Due to ACA Moves Forward
A court found there was plausible evidence that Dave & Buster’s intended to interfere with employees’ rights to benefits.
MassMutual Sued Over Stable Value Fund Fees
The lawsuit is filed as a class action on behalf of the Arthur J. Gallagher & Company 401(k) plan and...
Court Finds Custodial Agreement Must Be Provided to Participant
A federal judge found the agreement does dictate important aspects about the participant’s benefits under the 401(k) plan.
Verizon Retirees Take PRT Challenge to Supreme Court
After seeing their pension risk transfer lawsuits dismissed in both district and circuit court, tens of thousands of former Verizon...