Jury’s Decision in Pentegra MEP Case Raises Questions About Service Provider Selection
The verdict and monetary award serve as a warning for other situations in which plan sponsors and service providers may...
Tag: ERISA Litigation
Supreme Court Revives Cornell 403(b) Plan Lawsuit
Cornell employees can once again challenge the university over claims of excessive recordkeeping fees in the school’s defined contribution plans.
Benefits |
JPMorgan Sued Over Cost of Generic Drugs in Health Plan
The defendants claim the company breached its ERISA fiduciary duty by putting business interests ahead of the plan and its...
Supreme Court Hears Oral Arguments in Cornell Pleading Standards Case
The court considered split decisions made in lower courts to determine whether plaintiffs must argue more than a ‘prohibited transaction’...
Latest 401(k) Plan Forfeiture Complaint Filed Against BMO Financial
The bank’s retirement plan committee faces a complaint for alleged misuse of forfeited plan funds.
Judge Dismisses 401(k) Forfeiture Lawsuit Against Clorox
The federal judge in California described the plaintiff’s claims as ‘impermissibly broad,’ but did grant the plaintiff a chance to...
Argent Trust Co. Petitions for Supreme Court to Provide Guidance on ERISA Arbitration
The Supreme Court has previously declined to review appeals courts’ decisions that held arbitration provisions unenforceable.
Northern Trust, Workers Set to Settle 401(k) Litigation
The parties have agreed to a tentative deal to be considered by the court October 30, ending a TDF-focused lawsuit...
Cornell 403(b) Transaction Complaint to Get SCOTUS Review
The court will consider split decisions in lower courts over how strictly ERISA should be read when determining the case...
Genworth Can Appeal Class Action Regarding BlackRock TDFs
The 4th Circuit Court of Appeals will consider Genworth’s argument against class certification previously granted by a district court.
Judge Sides With BAE in Plan Forfeiture Suit
BAE beat a proposed class action over its use of 401(k) forfeited contributions; the ruling is one among a handful...
Salesforce Settles a Pair of 401(k) Excessive Fee Suits
The $1.3 million settlement pertains to litigation from 2020 and 2024 against the $5 billion retirement plan.
Nordstrom Suit, HP Revival Add to 401(k) Forfeiture Cases
A Wagner Law Group attorney says plan sponsors should review their plan documents, as Nordstrom is the latest employer challenged...
Plaintiffs Gain Class Action Status in Genworth 401(k) Suit
A federal judge granted class action status to participants invested BlackRock LifePath Index Funds, in contrast to numerous dismissals for...
Opinions |
The Life Expectancy of Actuarial Equivalence Lawsuits
Despite the volume of cases, no court has yet issued a favorable judgment on the merits for any pension plan...
Fiduciary Law Center is New Name of Retirement Law Group
Matthew Eickman joins as chief legal officer as Jason Roberts’ ERISA legal practice aims to represent the broader footprint of...
Retirement Industry People Moves
First Eagle Investments hires senior director of consultant relations; Vanguard Group head of Europe announces retirement; Manulife names head of...
Court Approves $1.5M Settlement in Amway ERISA Lawsuit
A Michigan federal judge approved a preliminary agreement in Garcia et al. v. Alticor Inc. et al.
Industry Groups Request SCOTUS Hearing for AT&T ERISA Case
A seven-year-old lawsuit concerning fee disclosure could be before the Supreme Court next term.
DOL Suit Retires Maine Excavator’s 401(k) Plan
Maine federal judge approves agreement reached between the Department of Labor and a Maine excavation company that was shuttered in...