Supreme Court Sets Date for Tibble Arguments
The United States Supreme Court will hear arguments in the closely watched 401(k) fee litigation case Tibble v. Edison near the end...
Tag: Litigation
9th Circuit Revives Case for Consideration of Surcharge
A federal appellate court has sent a case back to a district court because the district court’s decision was made...
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A 2015 Defined Contribution Checklist
Continuing an annual tradition, consulting firm Mercer has compiled a list of the top 10 recommended steps that defined contribution...
Nationwide Settles 13-Year-Old Revenue Sharing Suit
After 13 years and a number of court opinions, all granting relief in the plaintiff’s favor, Nationwide has presented a...
Solicitor General Argues for Reversal of Tibble Decision
The U.S. Solicitor General filed a second brief with the United States Supreme Court supporting the plaintiffs in a closely...
2015 Year in Preview
Trends, legislation, regulations and litigation will continue to affect the retirement industry in 2015.
With No Presumption of Prudence, RadioShack Faces New Lawsuit
A lawsuit has been filed that some say is the first to cite the Supreme Court case about whether retirement...
Plenty of Regulatory Action Ahead for Retirement Industry
Experts from Drinker Biddle & Reath LLP had no shortage of topics to cover in a recent discussion about potential...
Judge Orders Fee Case Evidence Be Given to DOL
A federal district court has approved the Department of Labor’s motion to intervene in a 401(k) excessive fee case.
EBSA Issues Temporary Exemption for Credit Suisse
Credit Suisse AG has received temporary approval to continue acting as a qualified professional asset manager (QPAM), after pleading guilty...
Supreme Court Denies Review of Tussey Fee Case
The U.S. Supreme Court has denied a request to review an appellate court’s decision in a case concerning retirement plan...
Court Opens Door for Disclosure of Investment Guidelines
An appeals court has opened the door for the requirement that an ERISA plan’s investment guidelines be disclosed to participants...
Court Revisits Ruling in Light of Dudenhoeffer Decision
The 9th U.S. Circuit Court of Appeals has revisited its ruling in a retirement plan stock drop suit in light...
MassMutual Agrees to Settle Revenue Sharing Lawsuit
Massachusetts Mutual Life Insurance Company (MassMutual) has agreed to settle a lawsuit brought by a 401(k) plan sponsor alleging the...
DOL Files $7M Improper Investment Suit
The Department of Labor filed a lawsuit to restore $7 million to participants in two Wheeling, West Virginia-based retirement plans,...
GE Sued for Moving to DC Model for Retiree Health Care
One current and one former General Electric employee have sued the company for moving to a defined contribution (DC) model...
Plan Fiduciaries Liable for Mispriced ESOP Stock Purchase
The owner of Bruister and Associates and trustees of its employee stock ownership plans (ESOPs) were found responsible for causing...
Court Dismisses Stock Drop Case Against UBS
October 17, 2014 (PLANSPONSOR.com) – A federal district court judge has found a participant in the UBS Savings and Investment...
How a Plaintiff's Attorney Views the Supreme Court Fee Case
October 17, 2014 (PLANSPONSOR.com) – The U.S. Supreme Court announced early this month that it would review parts of an...
Appellate Court Upholds DC to DB Transfer Elimination
October 13, 2014 (PLANSPONSOR.com) – Another federal appeals court has ruled employers may eliminate retirement plan transfer provisions allowing employees...