Revlon Charged with Misleading 401(k) Trustee
June 14, 2013 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) charged Revlon with violating federal securities laws by misleading...
Tag: Litigation
ERISA Imposes No Duty to Disclose Certain Information
June 10, 2013 (PLANSPONSOR.com) – An appellate court has held that the Employee Retirement Income Security Act (ERISA) does not...
Morgan Stanley, ING Sued for Plan Services Alliance
May 17, 2013 (PLANSPONSOR.com) – An Alabama-based dermatopathology laboratory has filed a complaint regarding fees paid to its retirement plan...
7th Circuit Applies Presumption of Prudence to Marshall & Ilsley
April 29, 2013 (PLANSPONSOR.com) – The 7th U.S. Circuit Court of Appeals determined Marshall & Ilsley was entitled to a...
AUL’s Revenue-Sharing Practices No Fiduciary Breach
April 22, 2013 (PLANSPONSOR.com) – A federal appellate court has found in favor of American United Life Insurance Company (AUL)...
Fidelity Accused of Self-Dealing in New Lawsuit
April 22, 2013 (PLANSPONSOR.com) – A lawsuit filed against Fidelity (FMR) accuses it of self-dealing at the expense of its...
Countrywide Agrees to Settle with Pension Funds
April 17, 2013 (PLANSPONSOR.com) - Countrywide Financial proposed a settlement to a lawsuit over practices in the sale of mortgage-backed...
PBGC Loses Suit Against Morgan Stanley
April 8, 2013 (PLANSPONSOR.com) – A federal appellate court denied the Pension Benefit Guaranty Corporation’s (PBGC’s) attempt to recover retirement...
Court Finds Officers Not Liable for Plan Contributions
April 4, 2013 (PLANSPONSOR.com) - A court ruled that a company’s officers are not fiduciaries to a multiemployer plan and...
Morgan Stanley, Pfizer Benefit from Moench Presumption
March 29, 2013 (PLANSPONSOR.com) – Judges from the U.S. District Court for the Southern District of New York dismissed two...
Verizon Pension Suit Gets Class Action Status
March 29, 2013 (PLANSPONSOR.com) – A federal judge certified a class in the lawsuit against Verizon about its decision to...
Court Rules In Favor of Employer Who Dropped Stock
March 25, 2013 (PLANSPONSOR.com) – A federal court found an employer’s decision to drop stock investments from its 401(k) plan...
Since Divorce Not Final, Plan Must Pay Wife
March 15, 2013 (PLANSPONSOR.com) – A federal district court ruled that since a husband and wife never finalized their divorce, the...
Fidelity Faces Another Float Income Suit
March 14, 2013 (PLANSPONSOR.com) – Another lawsuit has been filed against Fidelity Investments regarding its use of float income.
No Presumption of Prudence if Stock Fund Not Required
March 13, 2013 (PLANSPONSOR.com) – A federal appellate court has refused to apply the presumption of prudence standard to fiduciaries...
ERISA Concerns When Combining SPD, Prospectus
February 28, 2013 (PLANSPONSOR.com) - Retirement plan sponsors should beware of potential fiduciary pitfalls when combining the summary plan description...
Sterling Agrees to $3M Settlement of Stock Drop Suit
February 28, 2013 (PLANSPONSOR.com) – Sterling Financial Corporation announced a tentative settlement of a lawsuit alleging the company breached its...
ERIC Urges Rejection of Class in Stable Value Suit
February 27, 2013 (PLANSPONSOR.com) – The ERISA Industry Committee (ERIC) is urging...
Participant Cannot Exhaust Remedies Not Provided
February 12, 2013 (PLANSPONSOR.com) – An appellate court has ruled that a pension plan participant can pursue her claims in...
Fidelity Facing Suit Regarding Float Income
February 11, 2013 (PLANSPONSOR.com) – Participants from three 401(k) plans have filed a lawsuit against Fidelity Investments regarding its use...