Compliance | May 1st, 2024 Alcoa Corp. Faces Lawsuit Over PRT Deal with Athene This is the third case that law firm Schlichter Bogard LLP has brought against a company following a pension risk...
Compliance | March 19th, 2024 AT&T Faces 2nd Lawsuit Over PRT Deal; Utility Motion to Dismiss Rejected In two separate cases, AT&T is once again a target for a pension risk transfer it conducted with Athene, and...
Compliance | March 13th, 2024 AT&T Sued Over 2023 Pension Risk Transfer with Athene Annuity and Life Retirees alleged that AT&T shifted its pension responsibilities for 96,000 participants to a ‘risky’ insurance company, according to the lawsuit.
Compliance | October 10th, 2023 GE Agrees to Pay Record $61M to Settle 401(k) Lawsuit The settlement is considered the ‘largest ever’ in a lawsuit alleging mismanagement of a retirement plan’s in-house funds, according to...
Compliance | October 9th, 2023 Complaints Allege Improper Use of 401(k) Plan Forfeitures Plan fiduciaries were accused of fiduciary breaches for using plan forfeitures to offset future employer contributions, but ERISA experts would...
Benefits | August 4th, 2023 RTX Corp. Sued for Denying Beneficiary Long-Term Disability Benefits The aerospace and defense contractor was sued for allegedly failing to pay required long-term disability benefits to a disabled former...
Compliance | June 14th, 2023 ERISA Lawsuit Against Advance Publications Dismissed, Pending Amended Complaint A federal judge dismissed all counts in the suit brought by a former 401(k) plan participant, but the plaintiff may...
Compliance | June 6th, 2023 Car Parts Manufacturer Magna Denied 401(k) Lawsuit Exit A federal judge in Michigan allowed the lawsuit against Magna International to go forward while denying one of the defendants’...
Compliance | April 9th, 2023 New Hughes v. Northwestern Decision Could Mean More Litigation The 7th Circuit Court of Appeals finds reason to move two of three motions forward after Supreme Court review.