DOL, SEC Reach Settlements with Western Asset Management
January 27, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) has reached a settlement with Western Asset Management Company, a...
Tag: Litigation
DOL Recovers $10M for ESOP
January 22, 2014 (PLANSPONSOR.com) – A New York-based home-care agency and its former owners have resolved issues with the Department...
Appeals Court Upholds Anti-Cutback Decision
January 21, 2014 (PLANSPONSOR.com) – A federal appeals court upheld a ruling that an employer did not violate anti-cutback rules...
Retirement Plan Participants Must Prove Harm to Sue
January 15, 2014 (PLANSPONSOR.com) – A federal district court has ruled that in a case involving allegations of harm to...
Court Upholds Injunction on Health Benefit Changes
January 15, 2014 (PLANSPONSOR.com) – The 6th U.S. Circuit Court of Appeals upheld a district court’s decision to enjoin a...
DOL Seeks Recovery of Pa. Plan Assets
January 14, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) is suing a Bigler, Pennsylvania, trucking company to recover employee...
Regions Financial to Settle Stock Drop Suit
January 13, 2014 (PLANSPONSOR.com) – Regions Financial Corporation has agreed to settle a lawsuit relating to its offering of company...
Fidelity Faces Lawsuit over Revenue-Sharing
January 10, 2014 (PLANSPONSOR.com) – Another participant in Fidelity Investments’ own retirement plan has brought a lawsuit saying participants paid...
DOL Sues to Restore Indiana ESOP Losses
December 27, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) is seeking to restore losses to an employee stock ownership...
DOL Seeks Removal of 401(k) Trustee in Illinois
December 26, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) hopes to remove the trustee of a 401(k) plan based...
Trustee to Restore Profit-Sharing Plan Assets
December 20, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) has received court authorization to compel the trustee of a...
SCOTUS Upholds Litigation Limitation Period
December 19, 2013 (PLANSPONSOR.com) – The U.S. Supreme Court upheld the ruling of two lower courts in a case testing...
Lockheed Stable Value Suit to Continue as Class Action
December 17, 2013 (PLANSPONSOR.com) - A class action claim regarding Lockheed Martin’s retirement plan stable value fund offering will go...
SCOTUS Takes Up Presumption of Prudence Issue
December 16, 2013 (PLANSPONSOR.com) — The U.S. Supreme Court has agreed to hear a case raising fiduciary issues and questions...
Independent Fiduciary Named for Indiana 401(k) Plan
December 13, 2013 (PLANSPONSOR.com) – A federal district court has issued a judgment that authorizes the appointment of an independent...
Court Appoints Fiduciary for NY 401(k) Plan
December 6, 2013 (PLANSPONSOR.com) – A federal court order appointed an independent fiduciary for a Holtsville, New York retirement plan.
Employer Need Not Continue Mistaken Pension Payments
December 4, 2013 (PLANSPONSOR.com) – A federal appellate court has confirmed that General Motors need not continue pension payments made...
Restoration of Funds Sought for Health Clinic Employees
November 26, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) has filed a lawsuit against a provider of mental health...
Chesapeake Stock Drop Suit Dismissed
November 22, 2013 (PLANSPONSOR.com) – A federal district court dismissed a class action complaint alleging Chesapeake Energy acted imprudently by...
DOL Finds Fiduciaries Violated ERISA With Stock Purchase
November 20, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) has filed a lawsuit in U.S. district court to recover...