Court Tosses Co. Stock Imprudence Claim
April 9, 2010 (PLANSPONSOR.com) – A federal judge in Georgia has thrown out claims by 401(k) participants that Beazer Homes USA breached its fiduciary duties by offering company...
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Wells Fargo Wins Some, Loses Some in Self-dealing Case
April 9, 2010 (PLANSPONSOR.com) – A federal court judge has certified as a class action a lawsuit against Wells Fargo over offering mutual funds from one of its...
PwC Cleared of Anti-cutback Claims over BofA Plan Transfers
April 9, 2010 (PLANSPONSOR.com) – A federal court has dismissed claims that PricewaterhouseCoopers knowingly participated in a violation of the Employee Retirement Income Security Act anti-cutback rule by...
Morley Names New CIO
April 8, 2010 (PLANSPONSOR.com) - Morley Financial Services has announced that William “Bill” Finley will join Morley as its chief investment officer (CIO), effective April...
Guernsey to Leave JPMAM at Year-End 2010
April 8, 2010 (PLANSPONSOR.com) – J.P. Morgan Asset Management (JPMAM) confirmed Thursday that CEO of the Americans Eve Guernsey will step down from her post at the end...
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AUL to Market Security Life Dental and Vision Products
April 8, 2010 (PLANSPONSOR.com) - The employee benefits division of American United Life Insurance Co. will be marketing group dental and vision insurance products issued by Security Life...
EEOC Gets New Chair and Commissioner
April 8, 2010 (PLANSPONSOR.com) - Jacqueline A. Berrien, the former Associate Director-Counsel of the NAACP Legal Defense and Educational Fund (LDF), was sworn in April 8 as the...
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The Conference Board Offers Shareholder Activism Resources
April 8, 2010 (PLANSPONSOR.com) - The Conference Board Governance Center has published The Shareholder Activism Report and Resource Portal, a comprehensive set of resources to help board members...
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Dow Jones Unveils Contrarian Index
April 8, 2010 (PLANSPONSOR.com) –Dow Jones Indexes has launched the Dow Jones U.S. Contrarian Opportunities Index.
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ProShares Launches Leveraged and Inverse Biotechnology ETFs
April 8, 2010 (PLANSPONSOR.com) – ProShares has launched ETFs with leveraged and inverse exposure to the biotechnology sector.
Securities Litigation Declined in 2009
April 8, 2010 (PLANSPONSOR.com) - Securities litigation declined significantly in 2009 compared with 2008, according to a study by accounting firm and consultant PricewaterhouseCoopers.
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MassMutual Adds Four New Funds to Target-date Offering
April 8, 2010 (PLANSPONSOR.com) - MassMutual's Retirement Services Division has enhanced the investment offering available to plan sponsors and their participants through its MassMutual Smart Architecture Investment Program...
Heffernan Comes Back to Putnam
April 8, 2010 (PLANSPONSOR.com) – Putnam Investments announced that Paul P. Heffernan has joined the firm as Northeast director of sales for Putnam Global Institutional Management.
Widespread March Gains Reported for ETFs
April 8, 2010 (PLANSPONSOR.com) – State Street Global Advisors’ latest report on the exchange traded fund (ETF) market covering March 2010 activity found that 10 of 12 ETF...
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Aon Offers Pre-employment Screening Platform
April 8, 2010 (PLANSPONSOR.com) - Aon Consulting announced its Human Capital Practice is offering its proprietary pre-employment assessments on a new platform: the Global Assessment and Talent Engine...
Lawyer Disqualification Move Rebuffed in 401(k) Suit
April 8, 2010 (PLANSPONSOR.com) – A federal judge in West Virginia has ruled that lawyers simultaneously representing plan administrators and plan participants do not necessarily have a legal...
Federal Charges Dismissed for Former SDCERS Officials
April 8, 2010 (PLANSPONSOR.com) – A federal court has dismissed fraud charges against former San Diego City Employees’ Retirement System officials relating to benefits contributions in 2002.
Advisory Council Calls for Retirement Commission
April 8, 2010 (PLANSPONSOR.com) –The Advisory Council on Employee Welfare and Pension Benefit Plans has called for the creation of a presidential commission to define a new national...
SDCERS Loses Effort to Get More Pension Funding from City
April 8, 2010 (PLANSPONSOR.com) - A California judge has rejected a $177 million claim by the San Diego City Employees' Retirement System against the city.
Court Finds Principal not a Fiduciary in Case Involving Rollover of 401(k) Accounts
April 8, 2010 (PLANSPONSOR.com) - A federal district court recently denied class certification in a lawsuit relating to the rollover of funds from 401(k) plans nationwide for which...