Executives Dismissed from SunTrust Stock Drop Lawsuit
The plaintiffs in the case only opposed the dismissal of one executive, and a federal district court found he was...
Tag: Litigation
Case About Forcing Participants Out of Company Stock Moves Forward
A court found eliminating ESOP participants’ right to invest in company stock is not a violation of ERISA’s anti-cutback provisions,...
Sanofi Wins Dismissal of Stock Drop Complaint
A federal district court found the lead plaintiff in the case did not allege he suffered an injury.
Lawsuit Dropped After Contractor Pays 401(k) Plan Contributions
B.C. Inc. restored nearly $150,000 to its 401(k) plan.
Lawsuit a Warning That Small 401(k)s Should Hire Expertise
The lawsuit alleges fiduciary breaches for holding 401(k) plan assets mostly in one company stock and notes that the plan’s...
Investment Manager on the Hook for Poor Retirement Plan Diversification
A court ordered the investment manager to pay losses to the plan as well as pay back investment management fees.
Products |
PCS Fiduciary Platform Offers Sponsor Support
A new fiduciary toolkit from PCS aims at simplifying critical DOL compliance processes.
BP Stock Drop Suit Sent Back to Lower Court Again
A federal appellate court found that while plaintiffs claimed to have met new standards in their amended complaint, they did...
Court Finds ERISA Can Be Used to Enforce Top-Hat Plan Terms
Among other things, a federal district court held that “appropriate equitable relief” under ERISA Section 502(a)(3) may extend to remedy...
Costly Actuarial Errors Alleged in New Provider Lawsuit
Plaintiffs in a newly filed lawsuit argue inaccurate liability valuations have resulted in costly pension plan management mistakes.
Nursing Home Sued for Diverting Retirement Plan Assets
The nursing home and its chief officer are accused of diverting at least $4 million to themselves and a religious...
Court Finds No Fiduciary Breaches in Antioch ESOP Transaction
A U.S. District Court found the true fiduciary to the transaction did not breach its fiduciary duties and ruled for...
Participant Files Suit Over Advisory Fee Breakdown
A retirement plan participant accuses a well-known plan provider of delivering “no material services” in connection with certain advisory fees.
Sponsor Faces Class Action Challenge Alleging Self-Dealing
The complaint cites portions of key Northrop Grumman plan documents, challenging the process by which the company assembled and monitored...
Opinions |
Key Recent Decisions in Employer Stock Plan Litigation
Corey Rosen, founder of the National Center for Employee Ownership, discusses key rulings in company stock litigation against retirement plan...
Debt Owed to 401(k) Plan Not Dischargeable in Bankruptcy
A court said since the amount owed to the 401(k) plan was due to the fiduciary not performing his duties...
Fiduciaries Ordered to Restore More Than $200K to 401(k) Plan
A now-defunct medical research company failed to remit employer and employee contributions to the plan between 2010 and 2013.
Chevron Wins Dismissal of ERISA Challenge
An Employee Retirement Income Security Act (ERISA) lawsuit filed by participants in a Chevron Corporation defined contribution (DC) plan has...
Safeway Faces Lawsuit Over TDF Fees
The lawsuit also calls out excessive revenue-sharing and recordkeeping fees.
Adviser Advocacy Group Backs Fiduciary Rule
Filing a “friend of the court” brief in support of the DOL’s new fiduciary rule, the Financial Planning Coalition argues...