Tag: retirement plan litigation

The original complaint accuses T. Rowe Price 401(k) plan trustees of breaching their fiduciary duties under ERISA by either failing...

While the first lawsuit focused on excessive recordkeeping, administrative and investment fees, the new lawsuit focuses specifically on the university’s...

Voya successfully moved to dismiss the amended claims under Rule 12(b)(6), arguing that the claims should be dismissed because they...

The bank has agreed to pay $21.9 million to settle charges it benefited from including proprietary funds in its 401(k)...

In a decision granting victory to New York University, a federal judge noted “deficiencies in the Committee’s processes—including that several...

PIMCO has requested that a number of documents remain sealed and not be open to the public by the court.

The financial firm will pay $6,900,000 in settlement.

A multi-agency investigation found that from approximately May 2011 through August 2012, the business owner unlawfully embezzled and converted approximately...

For one thing, the appellate court noted that the plaintiff did not use a sufficient benchmark to show that Wells...

Plaintiffs seek government compensation for participants “prevented from accessing their own financial property.”

In the first university 403(b) plans case to go to trial, a federal district court found the plaintiffs have not...

The new ruling in Barrett vs. Pioneer does little to resolve the fundamental issues at hand, offering some points of victory...

In dismissing the stock drop challenge, the judge offers an illuminating review of what is required by ERISA’s duty of...

The dispositive question is not whether the claimants were employees but whether, considering them as employees, they were eligible to...

A federal judge denied dismissal of plaintiffs’ allegations that a prudent fiduciary would have chosen one—rather than two—recordkeepers; that a...

The decision points to mailings and various other disclosures sent by Checksmart to the defendant over the years leading up...

Matrix is being sued for violating its fiduciary duties because it did not verify that the transfers were authorized by...

A newly filed challenge to St. Joseph Health Services of Rhode Island’s retirement plan claims the plan at some point...

In a brief supporting a motion to dismiss a case against George Washington University related to the management of its...

Having prudent processes in place when making plan decisions is of utmost importance, and if a plan sponsor gets sued,...