Union Fund Trustees Sued for Multiple Fiduciary Breaches
The International Association of Machinists National Pension Fund and its board of trustees are facing a lawsuit.
Tag: Litigation
Health Benefits Dispute Sent Back to District Court Again
The 6th Circuit wants the district court to reconsider the vested retiree health benefits challenge in light of a Supreme...
Opinions |
Barry’s Pickings Online: Let’s Start with Your Best Price
When a lawyer can prove that a plan fiduciary paid more for the identical service that some other fiduciary paid...
Plan Document Updates May Be Needed After 'Montanile' Decision
ERISA expert discusses the significant implications of the Supreme Court’s decision in Montanile v. Board of Trustees, especially as it...
Oracle Is Latest DC Plan Sponsor Targeted in Fee Suit
A new lawsuit filed by Schlichter, Bogard and Denton against Oracle Corporation for alleged mismanagement of the company’s 401(k) plan clearly...
SCOTUS Again Remands Stock Drop Case
The Supreme Court returned Amgen’s ESOP case to the lower court for a second time.
DOL Sues Sponsor Over Company Stock Valuation
The DOL is asking a Florida district court to take action against an employer accused of inflating its fair market...
SunEdison Faces Lawsuit Over Company Stock in Retirement Plan
The accusations are similar to those in many stock drop lawsuits.
Major Recordkeeper Targeted in Revenue-Sharing Lawsuit
Great-West, now doing business as Empower Retirement, has been accused of perpetrating a “revenue-sharing scheme” by one of its 401(k)...
Participants of Abandoned Plan Awarded $1.3M
The DOL has obtained judgment to distribute $1.3 million to participants in a Georgia 401(k) plan.
Overfunded Status Makes Case Against DB Sponsor Moot
DB plan participants alleged misconduct from 2007 to 2010 that caused the plan to become underfunded and at risk of...
Opinions |
Barry’s Pickings: The Punishment of the Innocent
Will litigation discourage innovation in DC plan investing?
SCOTUS Passes on ERISA Plan Lawsuit Venue Case
A lack of circuit court conflict has the Supreme Court passing on an important question related to qualified retirement plans:...
JP Morgan Granted Win in Stock Drop Suit
Participants in JP Morgan’s 401(k) plan failed to state a claim that the company acted imprudently by keeping company stock...
Excessive Fee Claims Against Principal Dismissed
Among other things, the 8th Circuit found Principal’s adherence to its agreement with a plan sponsor does not implicate any...
'Largely Unpredictable' Which Sponsors Could be Sued by Participants
One attorney specializing in ERISA litigation suggests the pace of excessive fee lawsuits is gaining more momentum in 2016.
DC Plans Still Widely Targeted By Litigators
It may be a new calendar year for defined contribution (DC) retirement plans, but the professionals running them are still...
Retirement Plans Still Being Scrutinized by Plaintiffs' Attorneys
It seems nearly all types of plans and investment approaches have been challenged recently in the courts. Next year probably...
Plan Provider Faces Excessive Fee Suit
Another class action lawsuit has emerged challenging a retirement plan sponsor for allowing allegedly excessive fees—this one directed at a...
Fidelity Faces ERISA Lawsuit over Stable Value Fund
The suit says Fidelity was overly conservative in its underlying investments and used strategies to appease wrap providers to the...