ERISA Fiduciary Breach Complaint Targets Coca-Cola Bottler
The plaintiffs in the case are represented by the increasingly well-known law firm Capozzi Adler, which has in the past...
Tag: retirement plan litigation
Judge Certifies Sizable Class in Lawsuit Over TIAA’s Retirement Plan Loan Program
The lawsuit alleges TIAA kept some of the interest participants paid on loans from their retirement plans, which it says...
Abbott Brought Back Into Retirement Plan Cybersecurity Lawsuit
Previously dismissed from the lawsuit, Abbott is accused in an amended complaint of failing to monitor its recordkeeper and failing...
$17.5M Settlement Reached Over ‘Too Conservative’ Plan Investments
The plan’s investment policy statement allegedly called for 70% of the plan’s assets to be allocated into domestic fixed income...
Bath and Body Works Parent Company Sued for 401(k) Plan Excessive Fees
The lawsuit against L Brands says recordkeeping and investment fees were excessive and fiduciaries failed to use the lowest-cost share...
Teva Pharma Excessive Fee Case Reaches Sizable Settlement
The pharmaceutical company has agreed to pay more than $2.5 million to settle an ERISA excessive fee lawsuit, out of...
Boeing Defeats Stock Drop Suit Tied to 737 MAX Crashes
Plaintiffs in stock drop lawsuits have had very limited success establishing standing under a precedent set by the landmark Supreme...
Amway Faces Excessive Fee Lawsuit
Among other allegations, the complaint says defendants continued to offer certain funds in the plan despite the availability of alternative,...
ESOP Participants Claim They Were Conned Into Selling Shares at Discount
A proposed class has been certified in the lawsuit against Maine Oxy-Acetylene Supply Co., its owner and a person who...
Use of Proprietary Target-Date Suite Challenged in ERISA Suit
Another self-dealing lawsuit has been filed in federal court, this one seeking $34 million in alleged damages.
Opinions |
Barry’s Pickings: An Opportunity for the Court to Bring Clarity on ERISA Fiduciary Rules
Michael Barry, president of O3 Plan Advisory Services LLC, argues that the U.S. Supreme Court, now has an opportunity to...
Court Moves Forward Universal Health Services ERISA Suit
The court agreed with the plaintiffs that they have alleged injury with respect to each of their claims—which implicate ‘plan-level...
Allstate Sued Over TDFs Offered in 401(k)
The lawsuit says the target-date funds had underperformed since they were created and resulted in a loss of $65 million...
Another Lawsuit Challenges Fund Manager Strategy During COVID-19 Market Crash
Allianz Global Investors is again accused of not following the promised investment strategy for its Structured Alpha Funds.
Settlement Reached in Insperity 401(k) Excessive Fee, Self-Dealing Suit
Among other things, the lawsuit accused Reliance Trust Co. of selecting funds for the plan that would benefit itself.
Lawsuit Against Nestle Takes New Approach at Challenging Managed Account Fees
A prior lawsuit against its 401(k) plan recordkeeper and managed account provider was dismissed, with a federal judge saying any...
DuPont Pension Plan Participants’ ERISA Lawsuit Dismissed
A federal district court judge again found no fiduciary acts occurred when a corporate restructuring resulted in DuPont being a...
Lessons From a Rare ERISA Excessive Fee Suit Dismissal
The complexity of retirement plan lawsuits often makes district court judges reluctant to approve early dismissal motions plaintiffs, but Salesforce...
Plaintiffs Abandon Their Lawsuit Over Principal CIT TDFs
The suit had alleged fiduciary breaches regarding the selection and monitoring of underlying investment options for collective investment trust TDFs...
Dismissal Ruling in Salesforce ERISA Litigation Rejects Overly Broad Arguments
The ruling states that actively managed mutual funds and share classes that include revenue sharing can have their place in...