Tough Process Questions Raised by Fifth Circuit Fiduciary Rule Decision
To help ease the immediate concerns and confusion of clients, the law firm Stroock has published a helpful guide that dissects...
Tag: Litigation
Circuit Courts’ Conflict on DOL Fiduciary Rule Could Persist
The fact that two U.S. Circuit Courts of Appeals, the Fifth and the Tenth, have issued conflicting rulings about the propriety of...
Plan Sponsors, Providers and Participants Speak of Different Perceptions, Priorities
Research reveals that less than half of sponsors believe that employees are solely responsible for their own retirement savings and...
Georgetown University Latest Collegiate Target of ERISA Litigation
Familiar allegations are leveled against Georgetown University in the latest example of defined contribution litigation to hit a big-ticket U.S....
Dismissal of Capital Group Self-Dealing ERISA Challenge Offers Fiduciary Insight
With the new opinion, the district court seeks to make clear where the line is when it comes to pleading...
Ruling in Charles Schwab Self-Dealing Suit Suggests Limits of Arbitration Agreements
For one thing, a federal court judge found the defendants provide no authority supporting their contention that a plan document...
Retirement Funds Among Targets of Securities Fraud
Brokers serving retirement plans and other institutional investors were accused of routing orders for equities to an offshore affiliate in...
Settlement Agreement May Conclude Allianz Self-Dealing Challenge
Along with non-monetary relief, Allianz will pay $12 million into a common fund for the benefit of class members, to...
ERISA Litigation Shows No Sign of Slowing in 2018
Proprietary fund lawsuits are viewed by plaintiffs’ firms as one of the types of excessive fee cases that are likely...
Delta Air Lines Excessive Fee ERISA Lawsuit Dismissed
Drawing on a number of recent decisions, the district court ruled the plaintiffs did not adequately describe how the offering...
Excessive Fee Suit Targeting Fujitsu Results In Sizable Settlement
The lawsuit contended that among defined contribution plans with more than $1 billion in assets, the average plan has costs...
Account Withdrawal Fraud Lawsuit Filed by Great-West, Feds
Based on Great-West’s investigation and the work of FBI agents, it appears that unauthorized individuals have been fraudulently obtaining access...
ERISA Suit Targeting MIT Partially Dismissed in District Court
The district court decision spells out a number of caveats impacting this type of ERISA litigation, explaining why it is...
Appellate Decision Backs U.S. Bank in Pension Dispute
Discussion in the new appellate decision lays out some important distinctions regarding the initial district court’s decision to dismiss the...
The Thrust of Fiduciary Liability Insurance
In a world of heightened plan sponsor scrutiny, fiduciary liability insurance can be a powerful tool.
Johns Hopkins University ERISA 403(b) Challenge Partly Dismissed
The complaint states that Johns Hopkins has not prudently managed its 403(b) plan, but a district court judge disagrees, at...
Sponsors More Focused on Their Fiduciary Responsibilities
The uncertainty over the fiduciary rule and increased participant litigation are prompting sponsors to move to lower-cost investment options.
District Court Approves Class Certification in Deutsche Bank Challenge
The ERISA lawsuit has gained class certification after the plaintiffs successfully established numerosity, typicality and commonality.
BB&T Self-Dealing Suit Gets Class Certification
A court certified a class in the consolidated lawsuit after first rejecting BB&T’s arguments that the class did not meet...
Court Moves Forward Few Claims in NYU 403(b) Plans Case
A federal court judge found most claims were not plausibly alleged by the plaintiffs.