Tag: ERISA Litigation

The plaintiffs allege a breach of fiduciary duty, since the selected fund consistently underperformed its target.

The group’s survey found that fear of lawsuits is at least a ‘somewhat significant’ factor when 89% of employers consider...

A class action complaint claims the law firm diverted retirement plan contributions to pay company operating expenses.

The rise of fiduciary risk under CAA 2021 and ERISA.

Plaintiffs have standing to sue but did not sufficiently allege a fiduciary breach, a Massachusetts magistrate found.

The company and its fiduciary boards could still face trial over the remaining claims regarding handling of its $1.2 billion...

Amid growing evidence that hidden fees are embedded in health plans, plan sponsors are required to adopt best practices to...

By rolling left-behind funds into fee-based safe harbor IRAs, plan sponsors could hurt former employees’ finances and open themselves up...

The verdict and monetary award serve as a warning for other situations in which plan sponsors and service providers may...

Cornell employees can once again challenge the university over claims of excessive recordkeeping fees in the school’s defined contribution plans. 

The defendants claim the company breached its ERISA fiduciary duty by putting business interests ahead of the plan and its...

The court considered split decisions made in lower courts to determine whether plaintiffs must argue more than a ‘prohibited transaction’...

The bank’s retirement plan committee faces a complaint for alleged misuse of forfeited plan funds.

The federal judge in California described the plaintiff’s claims as ‘impermissibly broad,’ but did grant the plaintiff a chance to...

The Supreme Court has previously declined to review appeals courts’ decisions that held arbitration provisions unenforceable.

The parties have agreed to a tentative deal to be considered by the court October 30, ending a TDF-focused lawsuit...

The court will consider split decisions in lower courts over how strictly ERISA should be read when determining the case...

The 4th Circuit Court of Appeals will consider Genworth’s argument against class certification previously granted by a district court. 

BAE beat a proposed class action over its use of 401(k) forfeited contributions; the ruling is one among a handful...

The $1.3 million settlement pertains to litigation from 2020 and 2024 against the $5 billion retirement plan.