Compliance | February 26th, 2020 Supreme Court Sides With Plaintiffs in Intel ERISA Challenge Testing ‘Actual Knowledge’ Expert attorneys say the ruling is significant for a variety of reasons—not least because it expands the potential liability plan...
Compliance | February 24th, 2020 Dated Mortality Assumption ERISA Lawsuit Will Proceed to Trial The decision against summary dismissal of Herndon vs. Huntington Ingalls is made more significant by the fact that similar cases...
Compliance | February 21st, 2020 Reliance Trust ESOP Lawsuit Clears Dismissal Motion The Department of Labor alleges various failures and points of wrongdoing associated with sale of company stock to RVR Inc....
Compliance | February 20th, 2020 Court Advances Suit Regarding Delta Air Lines’ Offset of Pension Benefits It was found that the pension plan committee did not reasonably interpret the plan when it offset pension benefits for...
Compliance | February 20th, 2020 DST Systems Lawsuit Defendants Move to Disqualify Plaintiffs’ Attorneys They found that some of the clients the attorneys were representing were former committee members alleged to have committed ERISA...
Compliance | February 18th, 2020 District Court Dismisses Fidelity FundsNetwork Revenue Sharing Challenge The lawsuit sought to portray Fidelity as a functional fiduciary that was inappropriately collecting revenue sharing payments from third-party mutual...
Compliance | February 10th, 2020 Litigators Put Mortality Assumptions Under the Microscope Lawsuits continue to be filed across the United States that accuse large, well-known employers of using severely outdated mortality data...
Compliance | February 7th, 2020 Remembering the Basics of Fiduciary Duties What ERISA retirement plan sponsors should know about their responsibilities as they make plan decisions or even outsource decisions to...
Compliance | February 6th, 2020 ERISA Pension Lawsuit Targets UPS The complaint stresses that, under ERISA, the “present values” of a joint and survivor annuity and a single life annuity...
Compliance | February 5th, 2020 Judge Scales Back Claims Against Voya in Excessive Fee Suit The only charge that survived regarded Voya providing “false and misleading” participant fee disclosures.
Compliance | February 5th, 2020 Principal Back on the Hook for GIC Challenge A federal district court’s decision that Principal is not a fiduciary when it sets the crediting rate for a GIC...
Compliance | February 4th, 2020 2nd Circuit Again Remands Decade-Old PwC ERISA Litigation The appellate court disagreed with a lower court finding that reformation of PwC's cash balance plan and the recalculation of...
Compliance | January 31st, 2020 Navy Contractor Serco Faces ERISA Excessive Fee Lawsuit The complaint states that the plan’s investment options and fees “cannot be justified.”
Compliance | January 29th, 2020 Court Permits Healthcare System Cash Balance Lawsuit to Proceed The parties in Belknap v. Partners Healthcare System have been given an opportunity to submit supplemental briefing as to the...
Compliance | January 28th, 2020 Shell Oil, Fidelity Face Allegations in New ERISA Lawsuit Among other allegations, the litigation says Shell Oil fiduciaries allowed Fidelity to inappropriately utilize plan data for its own commercial...
Compliance | January 23rd, 2020 Excessive Fee Cases Continue With Lawsuit Against Cerner Corporation The ERISA complaint includes familiar allegations that retirement plan fiduciaries failed to manage or monitor plan recordkeeping and investment fees.
Compliance | January 22nd, 2020 Supreme Court Declines to Review Question About Dudenhoeffer Pleading Standards A former employee of SunEdison Semiconductor LLC claimed that the 8th Circuit “discarded the core lesson of Dudenhoeffer and imposed...
Compliance | January 14th, 2020 Northrop Grumman Agrees to Settle 401(k) Excessive Fee Suit The defendants have agreed to pay a gross settlement amount of $12,375,000 to resolve all claims.
Compliance | January 14th, 2020 Supreme Court Will Not Weigh In on Burden of Proof and Index Fund Comparison The denial will let a 1st U.S. Circuit Court of Appeals decision stand, which the Investment Company Institute previously said...
Compliance | January 10th, 2020 Chemical Distributor’s U.S. DC Plan Subject of Excessive Fee Suit The plaintiffs suggest that the task of evaluating investments has become simpler for plan fiduciaries and that prudent fiduciaries will...