Judge Deals Blow to Vanguard Fund Comparison in Self-Dealing Case
Ultimately, Putnam Investments prevailed in a lawsuit claiming it and its retirement plan fiduciaries engaged in prohibited transactions by offering...
Tag: Litigation
American Airlines Fails to Get Affiliated Funds Claims Dismissed
The core of the plaintiffs’ claims relate to the use of American Beacon Funds in the plan, which were created...
Intel Wins Suit Over Use of Alternative Investments
A court found the plaintiff in the case had actual knowledge of the facts comprising his claims more than three...
Jackson National Accused of Self-Dealing in DC Plan
The lawsuit also calls out the plan’s default investment fund for having high fees and performing poorly.
Anthem Excessive Fee Case Moves Forward
The only motion to dismiss by the defendants that the court granted concerned a claim that the 401(k) plan should...
District Court Moves Ahead On Oracle 401(k) Challenge
A district court judge in Colorado has sided with the recommendation made by a magistrate judge, ruling that plaintiffs have...
ERISA Legality Claims Need Not Be Administratively Exhausted
An appellate court found 403(b) plan participants were questioning the legality of a plan amendment, which it said is for...
State Plans Face Unique Investment Hurdles
Governmental plan sponsors are generally not policed by ERISA, but they face their own set of “old, obscure laws” that...
Plaintiffs In SafeWay ERISA Lawsuit Establish Standing
Just one out of a number of allegations included in two ERISA lawsuits against SafeWay have been ruled untimely, allowing...
Court Finds Price for ESOP Purchase Overvalued
The court found trustee Wilmington Trust “rushed its evaluation of the ESOP, failed to follow its own policies, and failed...
Lawsuits May Help Define How ERISA Polices Fees and Prudence
Many of the recent legal challenges may appear similar on their face, but the underlying allegations can vary significantly in...
401(k) Participant Sues Over Investment in Chesapeake Energy
For one thing, the participant contends the ESOP portion of the plan should have been invested in the sponsoring company’s...
ERISA Stock Drop Challenge Targets Allergan
The firm is being challenged in a New Jersey district court for alleged imprudence in the management of its employee...
Appellate Court Rejects District Court Ruling in Tussey Case
The 8th Circuit said the district court put too much weight on its statements about calculating damages.
Court Moves Forward Insperity Excessive Fee, Self-Dealing Suit
While a couple of Insperity defendants’ motions to dismiss were granted, most were denied.
Holy Cross Hospital Settles ERISA Challenge
Plaintiffs had alleged their employer falsely claimed church plan status for its retirement program.
ERISA Prohibited Transaction Challenge Against TIAA Dismissed
Based on the facts alleged in an amended complaint, the court “concludes that TIAA is not a fiduciary of the...
Third Participant Challenges JP Morgan 401(k)
The text of the suit offers a detailed look at the investment menu offered to JP Morgan employees, as well...
JP Morgan 401(k) Plan Challenged Again
Plaintiffs argue that, instead of acting for the exclusive benefit of the plan and its participants and beneficiaries, “defendants acted...
ERISA Attorneys Busy Analyzing Fiduciary Rule Delay
The move from DOL this week was not an extension of the applicability date of the fiduciary rule, just a...