Tag: retirement plan litigation

Fiduciary breach claims are likely to spike—and win—if the two-pronged legislation is passed.

Following an SEC settlement, most of the U.S. business of Allianz Global Investors will transfer to Voya Investment Management.

The allegations in the case are filed on behalf of the same plaintiffs who have already sued their employer, Molina...

In their motions to dismiss the case, the plan fiduciaries unsuccessfully argued that the plaintiffs invested in only some of...

The plaintiffs alleged John Hancock breached the Employee Retirement Income Security Act fiduciary duty of loyalty by receiving and retaining...

The national auto parts distributor faces allegations that it failed to prudently and loyally operate its defined contribution retirement plan.

The appellate court has sided with a lower court’s determination that individual arbitration agreements signed by plaintiffs should not prevent...

The refiled lawsuit argues that the defendants are failing to provide alternative forms of pension benefits that are ‘actuarially equivalent’...

The court order states that plaintiffs plausibly stated a claim for breach of fiduciary duty.

The court found that the plaintiffs plausibly alleged that 401(k) plan fiduciaries failed to control fees by offering retail share...

The complaint was dismissed in its entirety for failure to state a claim.

The settlement agreement also spells out a variety of non-monetary requirements, including a new fiduciary training regimen for members of...

A court has denied plan sponsor VCA’s motion to dismiss breach of fiduciary duty allegations.  

A federal appeals court judge has reversed and remanded lower court rulings for further proceedings

The settlement agreement includes a “significant monetary recovery,” the plaintiffs note in a memo in support of a motion for...

A court found a participating employer was not a fiduciary with respect to alleged actions in the lawsuit, and therefore...

A new order in a long-running ERISA lawsuit tosses out certain claims related to alleged breaches of the ERISA fiduciary...

A federal court found most of the plaintiffs’ ERISA fiduciary breach claims are sufficiently pled to advance beyond the motion...

A federal court found the claims were not time-barred, the investment manager was responsible for its own fiduciary duties and...