Derivative Action Certification not Available for Fiduciary Breach Claim
November 2, 2007 (PLANSPONSOR.com) - The U.S. District Court for the District of Connecticut has rejected a plan participant's motion...
Tag: Litigation
With Time to Prepare, 22c-2 Deadline Passed without Fanfare
October 31, 2007 (PLANSPONSOR.com) - With an extended time to prepare, the final kick-in date for the anti-market timing rule...
Benefits |
Citigroup Hit with 401(k) Suit over ERISA Violations
October 29, 2007 (PLANSPONSOR.com) - Citigroup has been hit with a lawsuit alleging the financial services giant committed a variety...
District Court Ordered to Consider Self-Funded Plans' 'Antagonistic Interests'
October 11, 2007 (PLANSPONSOR.com) - The 2nd U.S. Circuit Court of Appeals has ordered a trial judge to reconsider his...
Absolute Immunity Does Not Apply to NYSE in Oversight Duties
September 19, 2007 (PLANSPONSOR.com) - The 2nd U.S. Circuit Court of Appeals has reinstated a case brought against the New...
Former American Home Employees Fight to Save Deferred Comp
September 19, 2007 (PLANSPONSOR.com) - Some highly paid former employees of bankrupt American Home Mortgage are fighting the company's attempt...
Storms Out at Marsh
September 14, 2007 (PLANSPONSOR.com) - Marsh & McLennan Companies, Inc. says that Brian M. Storms is stepping down from his...
Countrywide Financial 401(k) Plan Participants Sue Over Plan Losses
September 12, 2007 (PLANSPONSOR.com) - Employees enrolled in Countrywide Financial Corp.'s 401(k) plan claim that illegal actions by those overseeing...
Policyholders Strike Out Again with Amended Insurance Antitrust Suits
September 5, 2007 (PLANSPONSOR.com) - The U.S. District Court for the District of New Jersey has once again dismissed claims...
SEC Issues Warning for Fund Co's 22c-2 Info Misuse
September 4, 2007 (PLANSPONSOR.com) - With an anti-market timing rule scheduled to go into effect October 16, 2007, Securities and...
District Court Used Improper Standard for Dismissal of Accidental Death Suit
September 4, 2007 (PLANSPONSOR.com) - The 8th U.S. Circuit Court of Appeals has reversed a district court's decision to dismiss...
Principal Hit with IRA Rollover Suits
August 30, 2007 (PLANSPONSOR.com) - Participants in two Principal Financial Group-managed 401(k) plans have sued the Des Moines, Iowa-based plan...
Colorado Court Gives Nod to Attorney Award in US West Settlement
July 19, 2007 (PLANSPONSOR.com) - The Colorado Court of Appeals said the $15 million award paid to an attorney representing...
Benefits |
Former Enron Workers' First Settlement Payments Miscalculated
July 5, 2007 (PLANSPONSOR.com) - Thousands of former Enron Corp. employees may have to pay back a portion of the...
Supreme Court Delays Decision on Enron Case
June 25, 2007 (PLANSPONSOR.com) - On Monday the Supreme Court put off deciding on a case that asks whether Enron...
Court Dismisses Janus Shareholders' Market Timing-linked Claim
May 29, 2007 (PLANSPONSOR.com) - The U.S. District Court for the District of Maryland threw out class action claims by...
Benefits |
WA Teachers Challenge "Gain-Sharing" Law Repeal
May 16, 2007 (PLANSPONSOR.com) - Teachers in Washington state filed suit against the state, claiming that legislative action revoking a...
Federal Judge Dismisses Antitrust Suit Against Insurers and Brokers
April 6, 2007 (PLANSPONSOR.com) - A federal judge threw out an antitrust lawsuit against dozens of insurance brokers and insurers...
Benefits |
Stock Drop Triggers ERISA-Oriented "Investigation"
April 2, 2007 (PLANSPONSOR.com) - Troubles in the sub-prime mortgage lender sector have pummeled the stock price of those providers.
Court: Insurer Broke Contract with Market Timing Ban
March 2, 2007 (PLANSPONSOR.com) - A federal judge in Philadelphia has ruled that the insurer of flexible premium variable life...