Tag: retirement plan litigation

The parties say they have reached a confidential settlement resolving all claims.

The complaint says plan fiduciaries failed to negotiate fixed-interest contract terms for the 401(k) that were as good as the...

Throughout the 7th Circuit’s decision, it contends the plaintiffs put forth their own opinions and preferences rather than evidence of...

It was the documented process of the multiemployer plan trustees’ considerations of withdrawal proposals by Kroger that helped them win...

A court judgment requires the fiduciaries to not only restore the unremitted repayments to the plan, but also $16,782.80 in...

The DOL alleges that the company’s president influenced an appraiser’s valuation and the ESOP’s trustee didn’t do his due diligence...

The judge rejected the defendants’ argument that the complaint cannot be based solely on the funds’ underperformance but must contain...

Motives behind keeping higher cost, underperforming funds in plan alleged in the lawsuit include providing seed money for Wells Fargo...

The lawsuit was previously dismissed because the alleged breach of fiduciary duty involved the amendment of plan benefits, which is...

Underlying investments in funds using BOK’s CIT structure, as well as the use of BOK’s proprietary money market fund, are...

Case documents show Salesforce has actually changed some of the practices that are criticized in the complaint, but the plaintiffs...

The underlying lawsuit alleged that SunTrust Bank’s 401(k) plan engaged in corporate self-dealing at the expense of plan participants.

The firm has also agreed to offer non-proprietary ETFs in its 401(k) plan’s self-directed brokerage account.

Defendants in an excessive fee case point to an appellate court decision that found "the fact that fiduciaries did not...

The decision emphasizes that the use of hindsight to judge the prudence of fiduciaries’ investment decisions is impermissible under ERISA.

Details of the settlement in the first case of its kind to call into question the cybersecurity defenses a plan...

Similar to the plethora of ERISA excessive fee fiduciary breach lawsuits that have been filed in recent years, this one...

“Defendant has not acted in the best interest of the plan and its participants,” the complaint states. “Instead, defendant used...

Sources debate whether electronic delivery of retirement plan disclosures could blunt some of the impact of the Supreme Court’s ruling...

The lawsuit says the plan ‘inexplicably failed to select these lower fee-charging and better-return producing share classes.’