Tyson Wins Back Pay Lawsuit
June 22, 2006 (PLANSPONSOR.com) - Tyson Foods overcame a wage and hour lawsuit in a Philadelphia federal courtroom where a jury rebuffed allegations that the poultry company improperly...
Compliance
Court Says Plan Accountant Violated Fiduciary Responsibilities
June 22, 2006 (PLANSPONSOR.com) - A federal judge ruled that an accountant for a profit-sharing plan bears some responsibility for the $600,000 diverted from participant accounts by a...
SEC Adopts New Fund-of-Funds Rules
June 22, 2006 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) has adopted amendments to several forms and three new rules under the Investment Company Act that pertain...
US Supreme Court Widens Workplace Retaliation Protections
June 22, 2006 (PLANSPONSOR.com) - In a closely watched case involving workplace retaliation against whistleblowers, the US Supreme Court on Thursday broadened the legal standard for employees filing...
Feds sue ex-CEO over Mishandled 401(k) Assets
June 21, 2006 (PLANSPONSOR.com) - The Department of Labor (DoL) is suing Richard Baldyga, former president and CEO of a now-defunct Alameda, California tech company, seeking to recover...
Cash Balance Litigation Settles for $1.85M
June 21, 2006 (PLANSPONSOR.com) - A federal judge has approved a $1.85 million settlement between a Pennsylvania health care firm and its former employees over allegations that workers...
Court Turns Down Participant Claim for Account Restoration
June 21, 2006 (PLANSPONSOR.com) - The 4th US Circuit Court of Appeals has affirmed a lower court's ruling that a participant's request for restoration of his 401(k) plan...
Company Fined for ESOP Wrongdoing
June 20, 2006 (PLANSPONSOR.com) - A court judgment ordered a former Tennessee home-health company to pay $325,000 as part of the settlement of a federal lawsuit charging it...
Court Orders New Trial for Age Discrimination Case
June 20, 2006 (PLANSPONSOR.com) - The US District Court for the Eastern District of Pennsylvania has ruled that an average age difference of 6.75 years between a former...
Appellate Court Throws Out Sex Discrimination Rulings
June 19, 2006 (PLANSPONSOR.com) - A federal appeals court has thrown out a series of rulings by a US Bankruptcy judge in a case involving sex discrimination claims...
Supreme Court Rejects Priority for Workers' Comp Premiums
June 19, 2006 (PLANSPONSOR.com) - The US Supreme Court ruled 6-3 that workers' compensation premiums owed by an employer are not entitled to priority status under the section...
Worker Who Fell Returning from Lunch is Entitled to Benefits
June 16, 2006 (PLANSPONSOR.com) - In a unanimous ruling, the Maine Supreme Judicial Court ruled that a worker who hurt herself while returning to work from lunch is...
Old Cash Balance Plans may Get no Protection from US Pension Reform
June 15, 2006 (PLANSPONSOR.com) - Pension legislation now being ironed out by members of the House and Senate probably will not protect companies that are already under fire...
PBGC Sets Rule on Termination Liability Calculations
June 15, 2006 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) specified Thursday how to calculate the liability that occurs when an employer closes its operations and causes...
SEC Asks for Additional Comments on Fund Director Rule
June 14, 2006 (PLANSPONSOR.com) - The Securities and Exchange Commission is asking for additional comments regarding its controversial rule regarding the composition of mutual fund boards of directors.
TN Gov. Signs Health Care Bill
June 13, 2006 (PLANSPONSOR.com) - Tennessee Governor Phil Bresden signed Cover Tennessee, a health care bill aimed at the state's 600,000-plus uninsured workers, according to the Associated Press.
Court Rules Employee Has Evidence to Support Retaliation Claim
June 13, 2006 (PLANSPONSOR.com) - The 8th US Circuit Court of Appeals has ruled that an employee who had filed a complaint for race and sex discrimination against...
Court: Early Retirement Program not Being Considered When Employee Retired
June 12, 2006 (PLANSPONSOR.com) - The 3rd US Circuit Court of Appeals has affirmed a lower court's ruling that a Pennsylvania power company did not violate its fiduciary...
Different Retaliation Claims Warrant Different Court Conclusions
June 9, 2006 (PLANSPONSOR.com) - The US District Court for the District of Minnesota recently sent one retaliation claim to trial while granting summary judgment to the defendant...