Compliance | January 14th, 2021 Summary Judgment Denied in BlackRock ERISA Dispute A district court has rejected dueling summary judgment motions filed by the plaintiffs and defendants in an ERISA self-dealing lawsuit...
Compliance | January 12th, 2021 Settlements Reached in Lawsuit Over Sequoia Fund Investment DST Systems and Ruane, Cunniff & Goldfarb have agreed to settle a lawsuit regarding investments in the DST Systems Inc....
Compliance | January 11th, 2021 District Judge Grants Dismissal of Vail Resorts ERISA Lawsuit Central to the dismissal is the consideration of several issues of standing.
Compliance | January 11th, 2021 VALIC Sued Over Surrender Fees Charged to 401(k) Plan The lawsuit says VALIC engaged in a prohibited transaction, as well as self-dealing, in violation of ERISA when surrender fees...
Compliance | January 11th, 2021 Supreme Court Appeal Filed in Wells Fargo Stock-Drop Case The appeal asks whether an earlier Supreme Court ruling means ESOP fiduciaries are effectively immune from duty-of-prudence liability for the...
Compliance | January 6th, 2021 Another Fiduciary Breach Lawsuit Filed Against Allstate The new complaint states that the Allstate defendants mishandled the process of picking the plan’s default target-date fund suite.
Compliance | December 29th, 2020 2021 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plan
Compliance | December 22nd, 2020 ERISA Preemption Curtailed by Supreme Court Ruling A recent Supreme Court decision will have a greater impact on health care plans than retirement plans, but it offers...
Compliance | December 21st, 2020 Why Some ERISA Litigation Trends May Turn in 2021 It may seem like the pace of ERISA litigation will never slow down, but one ERISA attorney says he is...
Compliance | December 11th, 2020 Community Health Systems Settles ERISA Challenge The proposed settlement is only between the plan sponsor and the plaintiffs, meaning the allegations against Principal are still in...
Compliance | December 8th, 2020 Court Grants Dismissal of Rollins Inc. ERISA Challenge A federal judge concluded that the plaintiffs have failed to exhaust potential administrative remedies.
Compliance | December 7th, 2020 Lawsuit Filed on Behalf of Cognizant Technology 401(k) Plan Participants The lawsuit alleges plan fiduciaries failed to ensure plan investments and fees were prudent.
Compliance | December 7th, 2020 Second Case Against Cerner Dismissed Then Reopened The parties are now discussing a potential settlement, according to the court docket.
Compliance | December 4th, 2020 UPenn Will Settle ERISA Fiduciary Breach Lawsuit The filing of a stay motion related to a forthcoming settlement represents the beginning of the end for the complicated...
Compliance | November 30th, 2020 ERISA Fiduciary Breach Complaint Targets Coca-Cola Bottler The plaintiffs in the case are represented by the increasingly well-known law firm Capozzi Adler, which has in the past...
Compliance | November 30th, 2020 Judge Certifies Sizable Class in Lawsuit Over TIAA’s Retirement Plan Loan Program The lawsuit alleges TIAA kept some of the interest participants paid on loans from their retirement plans, which it says...
Compliance | November 30th, 2020 Abbott Brought Back Into Retirement Plan Cybersecurity Lawsuit Previously dismissed from the lawsuit, Abbott is accused in an amended complaint of failing to monitor its recordkeeper and failing...
Compliance | November 30th, 2020 The Basics of Terminating a DC Plan From updating the plan with statutory amendments to filing the final Form 5500, there are many details to attend to...
Compliance | November 24th, 2020 $17.5M Settlement Reached Over ‘Too Conservative’ Plan Investments The plan’s investment policy statement allegedly called for 70% of the plan’s assets to be allocated into domestic fixed income...
Compliance | November 24th, 2020 Bath and Body Works Parent Company Sued for 401(k) Plan Excessive Fees The lawsuit against L Brands says recordkeeping and investment fees were excessive and fiduciaries failed to use the lowest-cost share...