Reliance Trust ESOP Lawsuit Clears Dismissal Motion
The Department of Labor alleges various failures and points of wrongdoing associated with sale of company stock to RVR Inc....
Tag: retirement plan litigation
Court Advances Suit Regarding Delta Air Lines’ Offset of Pension Benefits
It was found that the pension plan committee did not reasonably interpret the plan when it offset pension benefits for...
DST Systems Lawsuit Defendants Move to Disqualify Plaintiffs’ Attorneys
They found that some of the clients the attorneys were representing were former committee members alleged to have committed ERISA...
District Court Dismisses Fidelity FundsNetwork Revenue Sharing Challenge
The lawsuit sought to portray Fidelity as a functional fiduciary that was inappropriately collecting revenue sharing payments from third-party mutual...
Outdated Mortality Assumptions Case Survives Motion to Dismiss
A U.S. District Judge's decision suggests pension plan sponsors should periodically review the reasonableness of actuarial assumptions used to calculate...
Litigators Put Mortality Assumptions Under the Microscope
Lawsuits continue to be filed across the United States that accuse large, well-known employers of using severely outdated mortality data...
ERISA Pension Lawsuit Targets UPS
The complaint stresses that, under ERISA, the “present values” of a joint and survivor annuity and a single life annuity...
Judge Scales Back Claims Against Voya in Excessive Fee Suit
The only charge that survived regarded Voya providing “false and misleading” participant fee disclosures.
Principal Back on the Hook for GIC Challenge
A federal district court’s decision that Principal is not a fiduciary when it sets the crediting rate for a GIC...
CBIZ Actuarial Error Lawsuit Moves Ahead
A court has ruled against CBIZ’s motion for summary judgement in a lawsuit accusing the firm of making costly actuarial...
2nd Circuit Again Remands Decade-Old PwC ERISA Litigation
The appellate court disagreed with a lower court finding that reformation of PwC's cash balance plan and the recalculation of...
Navy Contractor Serco Faces ERISA Excessive Fee Lawsuit
The complaint states that the plan’s investment options and fees “cannot be justified.”
$10M Settlement Agreement Filed in Berkshire Hathaway Pension Lawsuit
Much of the settlement value is tied into a new pension funding formula Berkshire Hathaway will use for certain employees...
Court Permits Healthcare System Cash Balance Lawsuit to Proceed
The parties in Belknap v. Partners Healthcare System have been given an opportunity to submit supplemental briefing as to the...
Shell Oil, Fidelity Face Allegations in New ERISA Lawsuit
Among other allegations, the litigation says Shell Oil fiduciaries allowed Fidelity to inappropriately utilize plan data for its own commercial...
Excessive Fee Cases Continue With Lawsuit Against Cerner Corporation
The ERISA complaint includes familiar allegations that retirement plan fiduciaries failed to manage or monitor plan recordkeeping and investment fees.
Supreme Court Declines to Review Question About Dudenhoeffer Pleading Standards
A former employee of SunEdison Semiconductor LLC claimed that the 8th Circuit “discarded the core lesson of Dudenhoeffer and imposed...
Supreme Court Remands IBM v. Jander Stock Drop Challenge
The Supreme Court has issued a limited ruling in a case that could have had a big impact on the...
Northrop Grumman Agrees to Settle 401(k) Excessive Fee Suit
The defendants have agreed to pay a gross settlement amount of $12,375,000 to resolve all claims.
Court Ends Dispute of Proper Remedy in Amara v. Cigna
A federal district court has refused to reconsider its ruling that Cigna is carrying out its orders correctly in the...