Federal Judge Dismisses ERISA Excessive Fee Complaint Against Bayada
A North Carolina court dismissed all claims, holding the workers lacked standing and failed to show real financial harm.
Tag: ERISA
Bloomberg Sued Over 401(k) Plan Funds That Allegedly Lagged Market
The complaint alleges the company breached fiduciary duties by retaining underperforming investment options that cost employees millions in retirement savings.
DOL Files Third Amicus Brief in 401(k) Forfeiture Complaint
The department continues to voice its support for employers in appellate cases on the topic.
Judge Tosses RTX 401(k) Forfeiture Complaint
A federal court ruled the Raytheon–UTC successor did not violate retirement law in handling unvested employer contributions.
Supreme Court Signals Openness to Letting Actuaries Set Assumptions After Valuation Date
Justices’ questions suggested skepticism toward employers’ push for a hard year-end cutoff in withdrawal liability calculations in multiemployer plans.
Judge Dismisses Amazon 401(k) Forfeiture Suit
A federal district court sided with the employer that it lawfully used forfeited retirement funds to offset its own contribution.
Supreme Court to Hear Intel 401(k) Case Challenging Fiduciary Standards
Justices will review a long-running complaint that has implications for future ERISA litigation.
House Passes Bill to Restrict ESG Investment in DC Plans
The legislation would alter the standard for fiduciaries considering environmental, social and governance when making investment decisions.
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The Rise of ‘Financially Dominated’ Coverage Claims for Employer Health Plans
McDermott Will & Schulte attorneys lay out why a fundamentally sound and well-documented fiduciary process is key for health plan...
District Judge Tosses Verizon PRT Complaint
The federal court in the Southern District of New York found no standing or fiduciary breach in a challenge to...
DOL Sides With JP Morgan in 401(k) Forfeiture Complaint
The department had previously supported employers in a similar legal case last July.
Federal Judge Invokes Rare Rule to Rein In ERISA Fee Lawsuits
The ruling requires plaintiffs to meet a higher factual bar before discovery, using a Supreme Court ruling-inspired workaround to screen...
Plaintiffs Drop Home Depot Case Before Supreme Court Review
The participants in the ERISA loss causation complaint chose to abandon the case just two days before the nation’s highest...
Schlichter Bogard Files 4 ERISA Complaints Related to Voluntary Benefits
The cases allege breaches of fiduciary duty related to premiums for voluntary benefits not subsidized by employers.
Delta, Plaintiffs Agree to Stay Case, Consider Settlement
The pause of a complaint related to underpayment of spousal pension benefits offers the parties 120 days to undertake private...
DOL Eyes Amicus Filing While States, Industry Back Lockheed Martin in PRT Case
The federal government, via the solicitor general and the DOL, is increasingly favoring employers in ongoing ERISA litigation, including on...
Northrup Grumman Wins Dismissal in 401(k) Forfeiture Complaint
A federal district court in Virginia ruled that defendants had discretion on how to use the forfeited funds.
Employee Benefits Complaint vs. Johnson & Johnson Dismissed for Second Time
Lack of standing again doomed the case that had been amended twice, but the plaintiffs were granted leave to amend it again.
Plaintiffs Abandon Appeal in Home Depot 401(k) Forfeiture Complaint
A district court judge had ruled that the retailer’s use of forfeited funds complied with plan documents and the law.
Interest Groups Urge 8th Circuit to Uphold Dismissal of Forfeiture Complaint vs. Wells Fargo
ERIC, Chamber of Commerce, National Retail Federation File Brief in Support of Dismissed Forfeiture Complaint