Compliance | October 2nd, 2023 Dueling Motions Filed in American Airlines ESG Lawsuit Both parties brought motions as a former pilot asserts that fiduciaries for American Airlines’ defined contribution plans breached their duty...
Benefits | September 25th, 2023 Schlichter: Significant Pleading Standard Will Not Slow Lawsuits The 10th Circuit has joined several other circuit courts in holding that a ‘meaningful benchmark’ must apply to 401(k) participant...
Compliance | September 22nd, 2023 Pension Plans of Kellogg, Kohler, FedEx Sued for Outdated Calculations A law firm has sued four defined pension plans over the last six weeks alleging fiduciaries violated ERISA and shortchanged...
Compliance | September 13th, 2023 Department of Labor Recovers $22.5M for ESOP The plan’s former trustee, Reliance Trust Company, settled a complaint following an investigation.
Compliance | September 12th, 2023 American Airlines Files Motion to Dismiss The back-and-forth between the former pilot and the air line over ESG considerations continues in federal court in Texas.
Administration | August 15th, 2023 Judge Sets Trial Date for American Airlines ESG Lawsuit The airline has sought to dismiss the litigation, but the trial could begin in late June of next year.
Administration | July 31st, 2023 Former HR Head Sues Investment Manager Alleging Retirement Plan Breaches The former director of human resources at alternatives specialist Weiss-Multi-Strategy Advisers has sued the company, adviser subsidiary and retirement plan...
Compliance | July 26th, 2023 Mitsubishi Chemical Group Sued by Former Worker The manufacturer was targeted for alleged fiduciary breaches in the management, operation and administration of the plan, according to the...
Administration | July 21st, 2023 TECO Energy DB Plan Sued by Pension Beneficiary for Shortfall The complaint alleges the Florida-based energy company and its pension plan failed to disclose material information in the summary plan...
Administration | July 19th, 2023 Indiana Erector Set Manufacturer’s Former Chairman Sued by ESOP Participants The plaintiffs allege fiduciary breaches occurred in a leveraged buyout after the company founder’s death.
Administration | July 17th, 2023 DOL Seeks Independent Fiduciary for 401(k) Plan of Closed NY Construction Company When L D Wenger Construction Co. Inc. ceased operations, its 401(k) plan was deserted by the fiduciary, barring retirement plan...
Compliance | June 16th, 2023 Lawsuit Targets California Medical Center 403(b) Plan A former employee of Cedars-Sinai Medical Center alleges onerous plan fees and under-performing funds.
Compliance | June 7th, 2023 Financial Services Company CoreLogic Targeted in ERISA Suit The lawsuit seeks to recover retirement plan losses due to alleged mismanagement of CoreLogic’s 401(k) retirement plan.
Compliance | May 11th, 2023 University of Vermont Medical Center Plan Sued for ERISA Breaches The university medical center’s retirement plan failed to disclose revenue sharing or float income and caused workers to pay excessive...
Compliance | April 11th, 2023 Car Parts Producer Faces Retirement Lawsuit The retirement plan for Tenneco Inc. employees is alleged to have committed two breaches of fiduciary duty.
Compliance | February 22nd, 2023 Church-Exemption Ruling Could Have Wide Implications A federal district court judge has widened the exemption to include an N.J. hospital in a lawsuit remanded back to...
Compliance | October 4th, 2022 AAA Carolinas ERISA Lawsuit Settled for $500,000 The plaintiffs received early approval for class settlement in a retirement plan lawsuit against the Carolinas Auto Club that alleged...
Compliance | July 7th, 2022 Fresh Excessive Fee ERISA Complaint Lodged Against 403(b) Plan An educational institution is the latest to face a lawsuit alleging that plan fiduciaries breached their fiduciary duties to participants.
Compliance | September 21st, 2020 AutoZone ERISA Challenge Drives Ahead The fiduciary breach lawsuit, which has now cleared the motion to dismiss stage, does not name Prudential as a defendant,...
Compliance | March 30th, 2018 Plan Fiduciary Ordered to Pay Restitution for Stealing From 401(k) According to the DOL, the fiduciary failed to remit employee contributions to the plan and used the funds instead for...