Tag: retirement plan lawsuits

A total of $750,000 was stolen from a retirement account managed by the defendants—who, the plaintiff alleges, ignored many red...

Case alleges firm put high-fee, underperforming proprietary funds in its retirement plan

Plaintiffs’ attorneys have filed an amended Employee Retirement Income Security Act complaint, adding two new claims. 

A consolidated class action complaint claims that the church’s 401(k) plan elected to be governed by the Employee Retirement Income...

The Sphere Fossil-Free Fund is now available to more retirement plan investors.

Labor Secretary Marty Walsh has alleged several ERISA breaches.   

A plan participant saw her whole defined contribution retirement account balance vanish.   

A district court in California has issued a mixed ruling in a self-dealing lawsuit filed against Schwab Retirement Plan Services...

Details in the text of the complaint explain that the stock price drop that plaintiffs say unduly harmed participants is...

The district court had several times ruled against the firm in summary dismissal and discovery decisions—but the firm has prevailed...

Three Mayer Brown ERISA attorneys discuss the current litigation landscape and offer practical strategies for promoting compliance in 2019. 

Both parties agreed to dismiss the litigation under Federal Rule of Civil Procedure 41(a), and each party will bear its...

The complaint suggests Transamerica continued to offer proprietary portfolios when their rates of return were meaningfully below stated long-term benchmarks.

Some 83,000 lawsuits have been filed under the Employee Retirement Income Security Act (ERISA) in federal district court since 2009,...

The text of a new ruling on GE defendants' summary dismissal motion steps through complex issues of timeliness that are...

The appellate court sent a case over Intel's use of alternative investments in its target-date funds back to a lower...

An appellate court has taken the rare step of overturning a successful motion to dismiss a stock drop lawsuit targeting...

The court holds that bundling services or revenue sharing are common and acceptable investment industry practices that frequently inure to...

The original lawsuit alleged negligence and professional malpractice by Willis Towers Watson in its actuarial work for the city; the...

The Department of Labor found fiduciaries failed to remit salary deferrals and loan repayments and withdrew assets from the plan...