New House Bill Targets ERISA Litigation
Lawmakers also introduced a bill to ease retirement savings for seniors.
Tag: ERISA
2nd Circuit Upholds Dismissal of Teamsters’ Investment Strategy Complaint
The court upheld the decision of a New York district court, ruling that the pension plan's investment strategy did not...
DOL Stops Defending Biden-Era Fiduciary Rule
The decision to withdraw from the court battle likely marks the end of the lengthy dispute over the retirement investment...
Federal Judge Tosses AT&T 401(k) Forfeiture Complaint
This kind of ERISA complaint has struggled to gain traction since the Department of Labor’s amicus brief in favor of...
Complaint Alleges Brooklyn Hospital Mismanaged Its 403(b) by Using Retail Share Class
The medical center’s broader system is accused of maintaining the higher-cost funds despite access to cheaper institutional versions with lower...
Complaint Filed Over Unexplained 401(k) Losses in Empower, Principal Switch
Rick Case Enterprises Inc. stands accused of mismanaging its retirement plan by mishandling its service provider conversion.
Fidelity, Centene Hit With Excessive Fee, Forfeiture Misuse Complaint
While acting as recordkeeper and trustee of Centene Management’s 401(k) plan, Fidelity is accused of several breaches of its fiduciary...
Judge Dismisses ERISA Forfeiture Case Against WPP Group USA
The latest ruling adds another victory for plan sponsors as complaints continue to result in mixed outcomes.
Hess Agrees to $850,000 Settlement in ERISA Case
The decision should put the complaint to bed after more than two years of litigation.
IBM Hit With 401(k) Complaint Over TDF Monitoring
The plaintiffs allege the plan’s custom benchmark failed to properly track the investments, which underperformed similar funds.
Northrop Grumman Agrees to Settle Pension Benefit Estimate Complaint
The settlement puts the protracted legal case to a conclusion after nearly seven years of litigation.
Plaintiffs in Long-Lasting Intel Complaint Appeal to Supreme Court
The Supreme Court already ruled on a separate part of the case in 2020 and will have to decide whether...
How 3(38) Fiduciaries Limit, but Don’t Erase, Plan Sponsor Liability
A case involving Caesars Holdings shows how 3(38) fiduciaries can protect plan sponsors from ERISA litigation—but also that they still...
Litigation Challenges Booming PRT Market, But Plan Sponsors Push Ahead
Despite a flurry of lawsuits challenging pension risk transfers, plan sponsors remain committed to shedding defined benefit liabilities — viewing...
Magistrate Judge Recommends Dismissing PRT Case Against Allegheny Technologies
The complaint concerning the transfer of $1.5 billion in pension obligations lacks standing, according to the recommendation.
Cornell Case Heads Back to District Court
The Supreme Court’s most significant retirement industry ruling of the year will have a new hearing that takes into consideration...
Fiduciary Liability Critical in Russell Investments ERISA Case
A judge dismissed plaintiffs’ complaints against plan sponsor Caesars Holdings but allowed complaints against the fiduciary investment manager to move...
Duke University Hit With Forfeiture Complaint
The plaintiffs allege that the institution breached its fiduciary duty by choosing not to use forfeited funds to reduce plan...
Law Firm Faces Fine for Sharing Confidential Information With DOL
Common interest agreements between legal firms and the Department of Labor have attracted prior criticism but they are less likely...
Judge Dismisses AT&T PRT Case, Says Plaintiffs Have Standing
The Massachusetts court accepted the recommendations of a magistrate opinion from last month, but the suits may be amended and...