Fidelity Cleared of Excessive Fee Violation
August 5, 2013 (PLANSPONSOR.com) – A federal appeals court affirmed the dismissal of a lawsuit against Fidelity Management Trust Company...
Tag: Litigation
Court Orders Ill. Company to Restore Plan Assets
August 2, 2013 (PLANSPONSOR.com) – More than $150,000 must be restored to the profit-sharing plan of a now-defunct Illinois company,...
John Hancock Cleared of Wrongdoing in Excessive Fee Case
August 1, 2013 (PLANSPONSOR.com) – Claims brought against John Hancock Life Insurance Company by retirement plan participants have been dismissed.
Fiduciaries Removed from Kentucky Pension Plans
August 1, 2013 (PLANSPONSOR.com) – A district court granted a preliminary injunction against former fiduciaries of several Kentucky pension plans.
Court Upholds Dismissal of Lehman Stock Drop Case
July 24, 2013 (PLANSPONSOR.com) – In the case of Rinehart v. Akers, the 2nd U.S. Circuit Court of Appeals upheld...
Prenup Not Sufficient Notice of Benefits Waiver
July 22, 2013 (PLANSPONSOR.com) – A federal appeals court ruled a wife was not properly informed of her waiving of...
Unpaid Multiemployer Plan Contributions not Dischargeable
July 16, 2013 (PLANSPONSOR.com) – A federal bankruptcy court ruled a plan fiduciary still owes contributions to multiemployer plans though...
DOL Files Brief in RJR Stock Drop Case
July 9, 2013 (PLANSPONSOR.com) – Acting Secretary of Labor Seth D. Harris is asking an appellate court to reverse its...
DOL Sues Hospital Owners for Employee Benefits
July 5, 2013 (PLANSPONSOR.com) – The U.S. Department of Labor (DOL) is suing the owners of a Louisiana hospital for...
Caterpillar Investigated for Potential ERISA Suit
June 27, 2013 (PLANSPONSOR.com) – A law firm announced it is investigating the Caterpillar Inc.'s 401(k) plan for potential Employee...
Court Dismisses Verizon Pension Buyout Suit
June 25, 2013 (PLANSPONSOR.com) – A federal judge dismissed a lawsuit brought against telecommunications firm Verizon Communications Inc., which dealt...
Tentative Settlement Reached in Excessive Fee Case
June 24, 2013 (PLANSPONSOR.com) – A tentative settlement has been reached in a lawsuit concerning excessive fees for 401(k) investments.
Ruling Allows Monetary Compensation for Fiduciary Breach
June 21, 2013 (PLANSPONSOR.com) – An appeals court recently ruled that a health care plan participant has the right to...
Revlon Charged with Misleading 401(k) Trustee
June 14, 2013 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) charged Revlon with violating federal securities laws by misleading...
ERISA Imposes No Duty to Disclose Certain Information
June 10, 2013 (PLANSPONSOR.com) – An appellate court has held that the Employee Retirement Income Security Act (ERISA) does not...
Morgan Stanley, ING Sued for Plan Services Alliance
May 17, 2013 (PLANSPONSOR.com) – An Alabama-based dermatopathology laboratory has filed a complaint regarding fees paid to its retirement plan...
7th Circuit Applies Presumption of Prudence to Marshall & Ilsley
April 29, 2013 (PLANSPONSOR.com) – The 7th U.S. Circuit Court of Appeals determined Marshall & Ilsley was entitled to a...
AUL’s Revenue-Sharing Practices No Fiduciary Breach
April 22, 2013 (PLANSPONSOR.com) – A federal appellate court has found in favor of American United Life Insurance Company (AUL)...
Fidelity Accused of Self-Dealing in New Lawsuit
April 22, 2013 (PLANSPONSOR.com) – A lawsuit filed against Fidelity (FMR) accuses it of self-dealing at the expense of its...
Countrywide Agrees to Settle with Pension Funds
April 17, 2013 (PLANSPONSOR.com) - Countrywide Financial proposed a settlement to a lawsuit over practices in the sale of mortgage-backed...