CalPERS to Get $261M in J.P. Morgan Settlement
November 19, 2013 (PLANSPONSOR.com) – The California Public Employees’ Retirement System (CalPERS) will receive about $261 million in damages from...
Tag: Litigation
DOL Sues Firm for Plan Administration Failures
November 8, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) is seeking to have funds returned to a retirement plan...
MassMutual Plan Participants Sue Over Proprietary Investments
November 8, 2013 (PLANSPONSOR.com) – Participants and beneficiaries of the MassMutual Thrift Plan have filed a lawsuit in federal court...
Suit by Xerox Retiree Partially Dismissed
November 1, 2013 (PLANSPONSOR.com) – A U.S. district court in New York ruled a plaintiff can proceed with a claim...
Fiduciaries Ordered to Restore Plan Assets
October 31, 2013 (PLANSPONSOR.com) – A U.S. district court in California has ordered the restoration of more than $1.6 million...
Dismissal of Stock Drop Case Reaffirmed
October 31, 2013 (PLANSPONSOR.com) – A U.S. District Court has reaffirmed its earlier decision to dismiss a stock drop case...
Fiduciaries of California ESOP to Repay Plan Funds
October 23, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) has obtained a consent order for fiduciaries to repay funds...
DOL Seeks New Fiduciaries for Tennessee Plan
October 21, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) is seeking to replace the fiduciaries of an abandoned retirement...
Embezzler Can Sue Employer for Retirement Plan Benefits
October 18, 2013 (PLANSPONSOR.com) – A federal district court in California declined to dismiss a lawsuit by a retirement plan...
Another Pension Plan Sued over Investments
October 9, 2013 (PLANSPONSOR.com) – A participant in the U.S. Bancorp Pension Plan has filed a class action lawsuit against plan...
International Paper Files to Settle 401(k) Fees Suit
October 1, 2013 (PLANSPONSOR.com) – International Paper Company has filed a motion to settle a lawsuit regarding allegations of excessive...
DOL Announces More Enforcements
September 23, 2013 (PLANSPONSOR.com) – Word that the Department of Labor (DOL) is stepping up its enforcement is being backed...
Contractor Owing Withdrawal Liability Not a Fiduciary
September 19, 2013 (PLANSPONSOR.com) – The 9th U.S. Circuit Court of Appeals has ruled that withdrawal liability owed by a...
DOL Sues to Restore Plan Funds, Replace Fiduciaries
September 13, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) has filed a lawsuit to compel the owners and fiduciaries...
DOL Asks Court to Replace Plan Fiduciaries
September 11, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) has filed a lawsuit to replace the fiduciaries of an...
Co-Fiduciaries Ordered to Repay Plan
September 10, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) recently received a judgment from a district court, requiring co-fiduciaries...
Court Authorizes Restoration of Plan Assets
September 9, 2013 (PLANSPONSOR.com) – The U.S. Department of Labor (DOL) has obtained a consent judgment to recover plan assets.
Bank Settles Company Stock Suit
September 5, 2013 (PLANSPONSOR.com) – Flagstar Bancorp has agreed to settle allegations it breached its fiduciary duties by maintaining company...
Court Moves Forward Part of Case over Alternative Investments
September 5, 2013 (PLANSPONSOR.com) – A federal district court has given the green light to certain claims that fiduciaries to...
Pension Participants Sued for Benefits Too Late
September 4, 2013 (PLANSPONSOR.com) – A federal appellate court ruled pension participants filed their lawsuit for benefits past the statute...