Northern Trust Added as Defendant in AutoZone ERISA Lawsuit
Northern Trust is accused of giving AutoZone bad direction regarding investments in Prudential’s GoalMaker solution, allegedly due to a conflict...
Tag: ERISA
Another Excessive Fee Lawsuit Beats Dismissal Motions
The ruling rejects the defense’s dismissal motions and includes a detailed analysis of what is required for ERISA plaintiffs to...
Plan Fiduciaries Can’t Escape Lawsuit Over Investment in Aon CITs
Duty of prudence and prohibited transaction claims will move forward against the Centerra Group plan fiduciaries and Aon Hewitt, which...
Nvidia ERISA Lawsuit Dismissed With Leave to Amend
Though the order shows support for the plaintiffs’ arguments regarding their Constitutional standing to sue their employer for alleged retirement...
DuPont Plan Participants Claim Arbitrary Interpretation Reduced Their Pension Benefits
The complaint says Corteva Inc.’s ‘sleight of hand’ when determining when to label employees that were part of a spinoff...
District Court Roundly Rejects Oshkosh ERISA Challenge
The court said that a plan’s mere underperformance, absent any specific allegations of imprudence, is not actionable.
Former Fiduciary Sanctioned Over Illegal Transaction
The Department of Labor says the fiduciary diverted tens of millions of dollars in plan assets for their own personal...
Why Does a 457(b) Plan Not Need Fidelity Bond Coverage?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Chamber of Commerce Says Cookie-Cutter Excessive Fee Suits Harm Participants
After pointing out the flaws in excessive fee allegations and what it says is the real motivation for the lawsuits,...
Court Tosses PNC Excessive Recordkeeping Fee Suit
The plaintiffs have already filed an amended complaint after a judge found that their allegations were insufficient to state a...
Lawsuit Says Baptist Health South Florida Didn’t Follow IPS
The claims are typical of excessive fee lawsuits, but the plaintiffs’ lawyers attempt to cover their bases by addressing issues...
Court in DST Systems Case Rejects Settlements While Certifying Class
The long-running case, in which investment adviser Ruane, Cunniff & Goldfarb is also a defendant, concerns investments of retirement plan...
Court Finds Board Approval Not Needed for Exec to Get SERP Benefits
Although it was a longstanding practice for the trustees of the Young Adult Institute to vote on executives’ entry into...
Court Revives Part of NYU ERISA Suit
An appellate court found the district court erred in dismissing claims related to the use of higher-cost share classes and...
Lack of Revenue Sharing Questioned in ERISA Lawsuit
Retirement plan fiduciary breach lawsuits question the use of revenue sharing far more commonly than they criticize its absence.
Xerox Faces ERISA Excessive Fee Suit
The plaintiffs claim recordkeeping expenses more than doubled during the time Xerox Corp. used its affiliated recordkeeper.
Plaintiffs Say SeaWorld Plan Paid Excessive Fees
Plan fiduciaries are also accused of "failing to offer and retain a diverse pool of investment funds in accordance with...
Amway ERISA Lawsuit Gets Green Light
The defense’s dismissal motion has been met with skepticism by the presiding district court.
Law Group Asks Court to Narrow Standing for Plaintiffs in ERISA Suit
In an amicus brief in support of Universal Health Services, the foundation argues that a district court missed the mark...
What Comes Next With ESG Regulations?
The regulatory outlook for retirement plan sponsors looking to implement environmental, social and governance themed investments has been complicated, but...