Court Revisits Ruling in Light of Dudenhoeffer Decision
The 9th U.S. Circuit Court of Appeals has revisited its ruling in a retirement plan stock drop suit in light...
Tag: Litigation
MassMutual Agrees to Settle Revenue Sharing Lawsuit
Massachusetts Mutual Life Insurance Company (MassMutual) has agreed to settle a lawsuit brought by a 401(k) plan sponsor alleging the...
DOL Files $7M Improper Investment Suit
The Department of Labor filed a lawsuit to restore $7 million to participants in two Wheeling, West Virginia-based retirement plans,...
GE Sued for Moving to DC Model for Retiree Health Care
One current and one former General Electric employee have sued the company for moving to a defined contribution (DC) model...
Plan Fiduciaries Liable for Mispriced ESOP Stock Purchase
The owner of Bruister and Associates and trustees of its employee stock ownership plans (ESOPs) were found responsible for causing...
Court Dismisses Stock Drop Case Against UBS
October 17, 2014 (PLANSPONSOR.com) – A federal district court judge has found a participant in the UBS Savings and Investment...
How a Plaintiff's Attorney Views the Supreme Court Fee Case
October 17, 2014 (PLANSPONSOR.com) – The U.S. Supreme Court announced early this month that it would review parts of an...
Appellate Court Upholds DC to DB Transfer Elimination
October 13, 2014 (PLANSPONSOR.com) – Another federal appeals court has ruled employers may eliminate retirement plan transfer provisions allowing employees...
Court Moves Forward Citigroup 401(k) Excessive Fee Suit
October 9, 2014 (PLANSPONSOR.com) – Participants in the Citigroup 401(k) plan can move forward with their claims plan fiduciaries violated...
Experts See Big Stakes in SCOTUS Review of Tibble
October 6, 2014 (PLANSPONSOR.com) – The U.S. Supreme Court’s decision to review parts of Tibble v. Edison International could have...
Supreme Court Will Hear Tibble v. Edison Case
October 2, 2014 (PLANSPONSOR.com) – The law firm of Schlichter, Bogard & Denton says the U.S. Supreme Court has agreed...
Court Finds John Hancock Not a Fiduciary in Fee Case
October 2, 2014 (PLANSPONSOR.com) - John Hancock has ultimately been found not to be a fiduciary in a case alleging...
Signature Authority May Trigger ERISA Fiduciary Status
September 11, 2014 (PLANSPONSOR.com) – A company CEO’s signature authority for payments from the company’s bank account may make him...
Employer Claims Against Fiduciary Liability Insurer Can Proceed
September 9, 2014 (PLANSPONSOR.com) – A retirement plan sponsor’s breach of contract claims against its fiduciary liability insurer have been...
Court Blocks DC Plan Participant Claims Against Madoff Trustee
August 28, 2014 (PLANSPONSOR.com) – A federal bankruptcy judge has affirmed the denial of recovery claims from retirement plan participants...
Government Backs Top Court Review of 401(k) Plan Fee Case
August 27, 2014 (PLANSPONSOR.com) – The U.S. Solicitor General has filed a brief asking the United States Supreme Court to...
Fidelity to Settle Excessive Fee Suits
August 13, 2014 (PLANSPONSOR.com) – Fidelity Investments has agreed to a settlement of two lawsuits charging it with subjecting its...
Litigators Call for Supreme Court Review of Tussey Case
August 8, 2014 (PLANSPONSOR.com) - A well-known 401(k) fee litigation firm has asked the U.S. Supreme Court to review key...
Company Owner Personally Liable for Missing Contributions
August 8, 2014 (PLANSPONSOR.com) – Charles David Snyder, fiduciary to the Cleveland-based Attevo 401(k) retirement plan, has been ordered by...
Anheuser-Busch Pension Participants Owed Enhanced Benefits
August 7, 2014 (PLANSPONSOR.com) – A federal appellate court has determined that certain participants of Anheuser-Busch’s pension plan are due...