Lumber Company Sued for Mismanagement of Plan Assets
June 6, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) has filed a lawsuit to recover 401(k) plan assets mismanaged...
Tag: Litigation
Fiduciary Status Not Triggered by Contribution in Company Stock
June 5, 2014 (PLANSPONSOR.com) - A federal appellate court ruled Morgan Stanley & Co. and its CEO were not acting...
Realtor to Repay Plan for Bad Real Estate Investment
May 30, 2014 (PLANSPONSOR.com) – A federal district court has ordered an Oregon realtor to repay more than $400,000 to...
Court Deems MassMutual a Fiduciary for Setting Compensation
May 29, 2014 (PLANSPONSOR.com) – A plan sponsor’s lawsuit over revenue sharing payments has moved forward as a court found...
Fee Suit Litigator Discusses Best Practices
May 28, 2014 (PLANSPONSOR.com) – Plaintiffs' lawyer and 401(k) fee litigation specialist Jerry Schlichter doesn’t seem to mind his position...
Case Shows Importance of Using Caveats
May 20, 2014 (PLANSPONSOR.com) – Caveats included in pension benefit statements provided by Ford Motor Company saved the company from...
Delta Air Lines Wins Stock Drop Suit Appeal
May 8, 2014 (PLANSPONSOR.com) – The 11th U.S. Circuit Court of Appeals used its own case history to dismiss a...
DOL Sues Health Plan for Not Disclosing Fees
May 2, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) initiated a lawsuit against a group health plan for failing...
State Street Cleared of Wrongdoing in GM Stock Drop Suit
April 18, 2014 (PLANSPONSOR.com) – For the second time, a U.S. district court has found State Street Bank and Trust...
Unremitted Contributions Cost Fiduciaries $142K
April 17, 2014 (PLANSPONSOR.com) – A court has ordered the fiduciaries of a Columbia, Maryland, 401(k) plan to pay restitution...
High Court Ponders “Conflicts” for ESOP Fiduciaries
April 17, 2014 (PLANSPONSOR.com) – What is the trustee of a retirement plan that offers employer stock as an investment...
ING to Settle Revenue-Sharing Suit
April 15, 2014 (PLANSPONSOR.com) – Without admitting any wrongdoing, ING Life Insurance and Annuity Company has agreed to settle a...
Iowa Investment Adviser Restores Funds to Pension Plans
April 14, 2014 (PLANSPONSOR.com) – Investment adviser Donald Gene DeWaay Jr., based in Johnston, Iowa, has paid $341,487 to 68...
DOL Seeks Losses from Plans Failing to Remit Contributions
April 4, 2014 (PLANSPONSOR.com) – The U.S. Department of Labor (DOL) has filed a lawsuit to recover losses to the...
Court Dismisses Allegations Against Wells Fargo
April 3, 2014 (PLANSPONSOR.com) – A federal district court recently dismissed allegations of fiduciary breach and fraud leveled against Wells...
Transit Pension Fund Sues Asset Manager for $50M
April 1, 2014 (PLANSPONSOR.com) – A lawsuit filed by the Massachusetts Bay Transportation Authority (MBTA) pension fund claims New York...
DOL Says 401(k) Trustee Failed to Perform Duties
March 28, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) has filed a lawsuit to remove and replace a 401(k)...
Fiduciary to Repay Funds to Ohio 401(k) Plan
March 24, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) announced that the fiduciary of a Cleveland, Ohio, 401(k) plan...
How to Avoid (or Survive) a Plan Audit
March 24, 2014 (PLANSPONSOR.com) – Aggregate qualified retirement plan audit data from the Department of Labor (DOL) shows that, of...
Fidelity Wins Some in Appeal of Tussey Case
March 20, 2014 (PLANSPONSOR.com) – Fidelity was able to convince an appellate court to vacate some of the decisions made...