Biden’s DOL Secretary Pick Walsh Faces Senate Scrutiny This Week
Union leaders say Marty Walsh is a tremendous leader with the kind of empathy, vision and commitment to working families...
Tag: Fiduciary
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...
District Judge Grants Dismissal of Vail Resorts ERISA Lawsuit
Central to the dismissal is the consideration of several issues of standing.
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.
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...
DOL Adopts New Prohibited Transaction Exemption
The regulator has finalized a potentially important new prohibited transaction exemption.
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...
$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...
PEPs Carry Evolving Fiduciary Risks of Their Own
The legal complexities that emerge when a single employer operates a retirement plan for its own staff are already immense;...
Another Health Care Provider Accused of ERISA Breaches
Barnabas Health is the latest to face class action allegations filed by the law firm Capozzi Adler.
DOL Fiduciary Rule Debate Continues in Public Comments
Some argue the fiduciary proposal is being rushed, while others broadly support the Department of Labor’s aim to align its...
DOL’s Proposed ESG Restrictions Criticized by Senate Democrats
The Democratic senators join in a chorus of concerned stakeholders who say the DOL is being overly restrictive about the...
Wawa ERISA Fiduciary Breach Lawsuit Settlement Revealed
The class action settlement agreement includes $21.6 million in cash payments, with no admission of wrongdoing by the plan’s fiduciaries.
Judge Roundly Rejects CareerBuilder ERISA Lawsuit
The text of the dismissal ruling relies heavily on precedent set by the United States 7th Circuit Court of Appeals.
Court Orders Parties to Scale Back Northrop Grumman ERISA Settlement
The parties’ proposed settlement agreement impermissibly releases claims that go beyond the scope of the allegations in the operative complaint.
Back to the Fiduciary Future?
Analysts say the Department of Labor is officially reinstating the “five-part test” for determining fiduciary status.
Newly Published DOL Fiduciary Proposal Matches SEC’s Reg BI
The proposed rule aligns with the SEC’s Regulation Best Interest and the Suitability in Annuity Transactions Model Regulation adopted last...
Guilty Plea Secured in $15M Retirement Plan Embezzlement Scheme
A Texas couple has admitted to submitting more than 90 unauthorized distribution requests from some 20 retirement plans between 2014...
Improving a Retirement Plan Committee Through Diversity
Today’s workforces are becoming more diverse both generationally and culturally, and retirement plan committees should match this trend to add...
Lowe’s Defense Fails to Get ERISA Suit Dismissed
The fiduciary breach lawsuit accuses plan fiduciaries of mapping $1 billion into a fund that lagged peer performance and was...