EBSA’s Aronowitz Stresses Goal of Limiting Litigation, Speedy Finalization of Alts Rule
Speaking at the PLANSPONSOR National Conference, the Employee Benefits Security Administration head touted his focus on reducing ‘meritless cases.’
Tag: ERISA Litigation
DOL Defends Against Forfeiture Litigation in 3 Oral Arguments
The department sided with employers in oral arguments before multiple circuit courts of appeal, urging judges to uphold lower-court decisions...
Employer Groups Challenge ERISA Class Certification in Appeals Court
The U.S. Chamber of Commerce and the American Benefits Council file amicus brief claiming "improper certification of ERISA class actions...here...
American Express Sued Over Conflict of Interest, Underperformance in DC Plan
The plaintiffs accuse plan fiduciaries of keeping imprudent funds and favoring an affiliated manager.
Private Assets in DC Plans: What to Expect in the Year Ahead
Experts shared mixed forecasts of the speed of adoption of private market assets in defined contribution retirement plans.
What Liability Theories Underpin the Latest Group Health Plan Litigation?
Experts answer questions regarding plan sponsor fiduciary duties for health benefits.
Opinions |
New Litigation: Connecting the Dots
How new legal complaints about voluntary benefits relate to the duties of health care fiduciaries.
Complaint Alleges Elanco US Failed to Monitor Its Adviser’s TDF Selection
The plaintiffs allege a breach of fiduciary duty, since the selected fund consistently underperformed its target.
Litigation Risk Thwarts Plan Sponsor Innovation, per American Benefits Council
The group’s survey found that fear of lawsuits is at least a ‘somewhat significant’ factor when 89% of employers consider...
Husch Blackwell Sued for Alleged 401(k) Self-Dealing
A class action complaint claims the law firm diverted retirement plan contributions to pay company operating expenses.
Magistrate Judge Recommends Dismissal of AT&T PRT Suit
Plaintiffs have standing to sue but did not sufficiently allege a fiduciary breach, a Massachusetts magistrate found.
Novo Nordisk Class Action Case Partially Dismissed
The company and its fiduciary boards could still face trial over the remaining claims regarding handling of its $1.2 billion...
Opinions |
What Do Hidden Fees Really Mean in Your Health Plan? A Wake-Up Call for Employers
Amid growing evidence that hidden fees are embedded in health plans, plan sponsors are required to adopt best practices to...
Opinions |
How Plan Sponsors Could Unknowingly Violate ERISA
By rolling left-behind funds into fee-based safe harbor IRAs, plan sponsors could hurt former employees’ finances and open themselves up...
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...
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.