SunEdison Faces Lawsuit Over Company Stock in Retirement Plan
The accusations are similar to those in many stock drop lawsuits.
Tag: Litigation
Major Recordkeeper Targeted in Revenue-Sharing Lawsuit
Great-West, now doing business as Empower Retirement, has been accused of perpetrating a “revenue-sharing scheme” by one of its 401(k)...
Participants of Abandoned Plan Awarded $1.3M
The DOL has obtained judgment to distribute $1.3 million to participants in a Georgia 401(k) plan.
Overfunded Status Makes Case Against DB Sponsor Moot
DB plan participants alleged misconduct from 2007 to 2010 that caused the plan to become underfunded and at risk of...
Opinions |
Barry’s Pickings: The Punishment of the Innocent
Will litigation discourage innovation in DC plan investing?
SCOTUS Passes on ERISA Plan Lawsuit Venue Case
A lack of circuit court conflict has the Supreme Court passing on an important question related to qualified retirement plans:...
JP Morgan Granted Win in Stock Drop Suit
Participants in JP Morgan’s 401(k) plan failed to state a claim that the company acted imprudently by keeping company stock...
Excessive Fee Claims Against Principal Dismissed
Among other things, the 8th Circuit found Principal’s adherence to its agreement with a plan sponsor does not implicate any...
'Largely Unpredictable' Which Sponsors Could be Sued by Participants
One attorney specializing in ERISA litigation suggests the pace of excessive fee lawsuits is gaining more momentum in 2016.
DC Plans Still Widely Targeted By Litigators
It may be a new calendar year for defined contribution (DC) retirement plans, but the professionals running them are still...
Retirement Plans Still Being Scrutinized by Plaintiffs' Attorneys
It seems nearly all types of plans and investment approaches have been challenged recently in the courts. Next year probably...
Plan Provider Faces Excessive Fee Suit
Another class action lawsuit has emerged challenging a retirement plan sponsor for allowing allegedly excessive fees—this one directed at a...
Fidelity Faces ERISA Lawsuit over Stable Value Fund
The suit says Fidelity was overly conservative in its underlying investments and used strategies to appease wrap providers to the...
Don’t Wait to Enforce Liens on Plan Overpayments
ERISA attorney Nancy Ross explains why it’s essential for plan sponsors to understand how liens work under ERISA—and how an...
Plan Sponsor Errors At Heart of Appeals Court Ruling
Proper procedure is absolutely essential when it comes to fielding ERISA claims, as one plan sponsor has had to learn...
State Street’s Handling of GM Stock for 401(k) Gets Court Blessing
An appellate court found State Street’s process to review the GM stock investment was prudent.
Novant Health Agrees to Settle Excessive Fee Suit
However, in a statement of non-opposition filed with the court, Novant said it disagrees with the claims.
Duty to Monitor Fiduciaries Does Not Include Duty to Inform
BP has won dismissal of several claims that it failed to monitor fiduciaries who oversaw company stock investments in its...
Does the Intel Retirement Plans Case Have Merit?
PLANSPONSOR reached out to Marcia Wagner, principle with Wagner Law Group in Boston, for comments about the case.
Settlement Terms and Price Tag Revealed in Boeing Fee Case
The retirement planning industry already knew Boeing would settle the nearly decade-old 401(k) litigation, but a trove of new details...