DOL Gets Judgment to Restore Employee Contributions
August 28, 2013 (PLANSPONSOR.com) – The U.S. Department of Labor (DOL) has obtained a default judgment to restore employee contributions...
Tag: Litigation
DOL Seeks New Fiduciary for Abandoned 401(k) Plan
August 23, 2013 (PLANSPONSOR.com) – The U.S. Department of Labor (DOL) has alleged that DTK Computer Inc. failed to take...
DOL Seeks Restoration of N.J. Plan Contributions
August 23, 2013 (PLANSPONSOR.com) – The U.S. Department of Labor (DOL) recently filed a lawsuit that seeks restoration of missing...
DOL Files Suit against Calif. Bank
August 22, 2013 (PLANSPONSOR.com) – The U.S. Department of Labor (DOL) has filed a lawsuit against a California bank, alleging...
Investment Adviser Ordered to Restore Plan Losses
August 19, 2013 (PLANSPONSOR.com) – An investment adviser has been ordered to restore plan losses, incentive fees and penalties for...
Court Reverses Ruling on Denial of Class Certification
August 12, 2013 (PLANSPONSOR.com) – A federal appellate court has moved forward a class action claim regarding Lockheed Martin’s retirement...
Court Uses Presumption of Prudence for Case Dismissal
August 8, 2013 (PLANSPONSOR.com) – A federal appeals court found the application of the presumption of prudence to be appropriate...
Fidelity Cleared of Excessive Fee Violation
August 5, 2013 (PLANSPONSOR.com) – A federal appeals court affirmed the dismissal of a lawsuit against Fidelity Management Trust Company...
Court Orders Ill. Company to Restore Plan Assets
August 2, 2013 (PLANSPONSOR.com) – More than $150,000 must be restored to the profit-sharing plan of a now-defunct Illinois company,...
John Hancock Cleared of Wrongdoing in Excessive Fee Case
August 1, 2013 (PLANSPONSOR.com) – Claims brought against John Hancock Life Insurance Company by retirement plan participants have been dismissed.
Fiduciaries Removed from Kentucky Pension Plans
August 1, 2013 (PLANSPONSOR.com) – A district court granted a preliminary injunction against former fiduciaries of several Kentucky pension plans.
Court Upholds Dismissal of Lehman Stock Drop Case
July 24, 2013 (PLANSPONSOR.com) – In the case of Rinehart v. Akers, the 2nd U.S. Circuit Court of Appeals upheld...
Prenup Not Sufficient Notice of Benefits Waiver
July 22, 2013 (PLANSPONSOR.com) – A federal appeals court ruled a wife was not properly informed of her waiving of...
Unpaid Multiemployer Plan Contributions not Dischargeable
July 16, 2013 (PLANSPONSOR.com) – A federal bankruptcy court ruled a plan fiduciary still owes contributions to multiemployer plans though...
DOL Files Brief in RJR Stock Drop Case
July 9, 2013 (PLANSPONSOR.com) – Acting Secretary of Labor Seth D. Harris is asking an appellate court to reverse its...
DOL Sues Hospital Owners for Employee Benefits
July 5, 2013 (PLANSPONSOR.com) – The U.S. Department of Labor (DOL) is suing the owners of a Louisiana hospital for...
Caterpillar Investigated for Potential ERISA Suit
June 27, 2013 (PLANSPONSOR.com) – A law firm announced it is investigating the Caterpillar Inc.'s 401(k) plan for potential Employee...
Court Dismisses Verizon Pension Buyout Suit
June 25, 2013 (PLANSPONSOR.com) – A federal judge dismissed a lawsuit brought against telecommunications firm Verizon Communications Inc., which dealt...
Tentative Settlement Reached in Excessive Fee Case
June 24, 2013 (PLANSPONSOR.com) – A tentative settlement has been reached in a lawsuit concerning excessive fees for 401(k) investments.
Ruling Allows Monetary Compensation for Fiduciary Breach
June 21, 2013 (PLANSPONSOR.com) – An appeals court recently ruled that a health care plan participant has the right to...