Tag: retirement plan litigation

Lawsuit Over TDFs Names Provider as Defendant

Participants in the CHS/Community Health Systems, Inc. Retirement Savings Plan have filed a lawsuit against the company, its retirement plan committee and the provider of target-date funds (TDFs) in the plan for maintaining excessively expensive and poorly performing underlying investments.

Government Prosecutors Weigh In on Supreme Court IBM Case

Courts should “recognize that Congress and the SEC have already made a judgment about when a public disclosure would do more harm than good, and prudent fiduciaries should generally not second-guess that judgment,” an amicus curiae brief states.