Compliance | August 20th, 2024 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...
Compliance | August 19th, 2024 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 | July 29th, 2024 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...
Deals and People | July 16th, 2024 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...
Deals and People | July 12th, 2024 Retirement Industry People Moves First Eagle Investments hires senior director of consultant relations; Vanguard Group head of Europe announces retirement; Manulife names head of...
Compliance | July 11th, 2024 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.
Compliance | May 13th, 2024 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.
Compliance | January 22nd, 2024 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...
Compliance | September 15th, 2023 The Fiduciary Exception to Attorney-Client Privilege Sponsors should know when their legal communications are privileged and when they are not.
Compliance | August 22nd, 2023 ERISA Plan Litigators Use ‘More Credible’ Tactics in First Half of 2023 Mid-year report finds there were fewer cases filed, as plaintiff law firms catch up on those they brought in 2022,...
Compliance | August 14th, 2023 Missouri Anti-ESG Rules Pre-empted by ERISA, Lawsuit Says To the extent that they apply to pensions and other ERISA plans, the state-level regulations are pre-empted by federal law,...
Compliance | July 18th, 2023 Verizon Reaches $30M Settlement in 401(k) Complaint The 2016 lawsuit accused Verizon of failing to monitor a hedge fund in its retirement plan TDFs.
Compliance | July 17th, 2023 DOL Secures $124 Million Settlement on Behalf of DST Systems Participants DST Systems Inc. was accused of mismanaging its profit-sharing 401(k) plan and failing to diversify the plan’s assets, which resulted...
Compliance | July 12th, 2023 Terminated Employee Alleges Twitter Didn’t Pay Promised Severance The proposed class action brought by Twitter’s former head of people experience alleges Elon Musk and X Corp. violated ERISA...
Compliance | July 7th, 2023 District Court Rejects Class Certification in Remanded Case Against TIAA The proposed class of participants in Washington University in St. Louis retirement plans was rejected by the same judge who...
Compliance | June 5th, 2023 Pilot Claims American Airlines Prioritized ‘Underperforming’ ESG Funds A class action complaint brought against American, Fidelity and Edelman Financial Engines targets ESG 401(k) investments.
Compliance | September 16th, 2021 Court Dismisses ERISA Suit Against CommonSpirit The complaint had taken issue with the plan’s use of the Fidelity Freedom Funds TDF series and its recordkeeping fees.
Compliance | June 22nd, 2021 PSNC 2021: Fiduciary Mistakes to Avoid ERISA attorneys advised plan sponsors to shore up their cybersecurity efforts and continue regular benchmarking work.
Compliance | June 7th, 2021 Northern Trust Challenged in Second ERISA Suit The lawsuit alleges the company failed to regularly monitor plan investments or remove ones that became imprudent.
Compliance | June 1st, 2021 Lowe’s Files Partial Settlement in ERISA Case The lawsuit had accused the company of making imprudent investment choices.