Tag: Litigation
Principal Real Estate Fund Hold Draws Lawsuit
December 28, 2009 (PLANSPONSOR.com) –Having imposed a withdrawal queue on distributions from a real estate fund, the Principal...
Pension Fund Sued by Consultant
December 28, 2009 (PLANSPONSOR.com) – The self-proclaimed “Sam Spade of Money Management” is taking a former client to...
Vick Advisers Barred from ERISA Plans
December 28, 2009 (PLANSPONSOR.com) – Michael Vick’s former financial advisers won’t be working with ERISA plans anymore.
State Street to Compensate Netherlands Pension Fund
December 24, 2009 (PLANSPONSOR.com) - An Amsterdam court has ordered State Street Global Advisors Ltd. to pay 40 million euros...
Law Firm Trolls for Participant-Plaintiffs
December 23, 2009 (PLANSPONSOR.com) – While it’s hardly a unique occurrence these days, a law firm is reaching...
Court Moves Forward Kraft Foods Excessive Fee Suit
December 22, 2009 (PLANSPONSOR.com) – A federal judge has moved forward claims by Kraft Foods Global employees that retirement plan...
Employee’s Lawsuit Release Could Imperil Class-Action Status
December 22, 2009 (PLANSPONSOR.com) – A former employee's signed release of legal claims against her employer may interfere with her...
Tribune ESOP Fiduciary Breach Suit Moves Forward
December 21, 2009 (PLANSPONSOR.com) – A federal court has moved forward claims that fiduciaries for the Tribune Company Employee Stock...
Court Moves Forward Claim ESOP Reps Omitted Financial Data
December 15, 2009 (PLANSPONSOR.com) – A federal court has ruled that a former Employee Stock Ownership Plan (ESOP) participant can...
Pension Fund Sues Goldman over C-Suite Bonuses
December 14, 2009 (PLANSPONSOR.com) – A union pension fund has sued Goldman Sachs, alleging its 2009 bonus payouts are based...
Yellow Pages Publisher Faces Stock Drop Suit
December 9, 2009 (PLANSPONSOR.com) – Yellow Pages publisher R.H. Donnelley Corp. is now facing a lawsuit brought by 401(k) plan...
DoL Sues Trustees over Company Stock Purchases
December 31, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor is suing the trustees and other fiduciaries of the employee...
Montana Supreme Court Turns Away Pension Shutoff Appeal
December 7, 2009 (PLANSPONSOR.com) – Two months after they upheld a $21.5-million jury award in a long-running pension benefit termination...
Verizon Charged with Involuntary Transfer of Retiree Pension Accounts
December 2, 2009 (PLANSPONSOR.com) - Verizon retirees have filed a complaint for violations of the Employee Retirement Income Security Act...
Appellate Court Blesses Excessive Fee Suit Dismissal
December 2, 2009 (PLANSPONSOR.com) – A federal appellate court’s to-the-point ruling in an excessive fee case involving United Technologies Corp....
Administrator Charged with Embezzling Tens of Millions from Benefit Plans
December 1, 2009 (PLANSPONSOR.com) – Melissa G. King, controlling owner of King Care LLC, has been charged with embezzling tens...
IMHO: The Benefits of the Doubt
Those who were wondering when—or perhaps if—the issues raised in those revenue-sharing lawsuits would ever actually be tried...
Court Finds Certification Pay Should Have Been Used in Pension Calculations
November 30, 2009 (PLANSPONSOR.com) – A Florida court has determined that police and firefighters' certification pay should have been included...
Court Limits Wachovia's Defenses in Suit over Mortgage-backed Investments
November 27, 2009 (PLANSPONSOR.com) – A federal court has limited the affirmative defenses Wachovia Bank may assert in suit brought...