ComplianceOctober 18, 2016

Deutsche Bank 401(k) Self-Dealing Suit Moves Forward

A federal judge found that allegations regarding the assessment of excessive fees from which defendants stood to gain are sufficient to support the inference that the process used to select and maintain the plan’s investment options was “tainted by failure of effort, competence, or loyalty.”

ComplianceOctober 13, 2016

Stock Drop Suit Targets Wells Fargo

In the new ERISA lawsuit, plaintiffs allege that plan fiduciaries knew well in advance about the problematic sales practices that have come to light in the last month.