Compliance | April 12th, 2021 Brenntag Settles Excessive Fee Lawsuit The agreement is solely monetary and doesn’t include provisions to remedy the alleged breaches of the defendants.
Compliance | April 6th, 2021 Settlement Details Published in Jander v. IBM Prior to settlement, the long-running stock drop lawsuit received multiple appellate court rulings and consideration from the U.S. Supreme Court.
Compliance | April 5th, 2021 Wesco Distribution Faces Lawsuit Over Retirement Plan Services Fees Among other things, the plaintiffs contend that prudent fiduciaries monitor and limit revenue sharing and make sure excessive indirect compensation...
Compliance | April 5th, 2021 Judge Finds ERISA Claims Sufficient Against Coca-Cola Bottler The case, which challenges the use of an actively managed TDF suite rather than its index version, will move forward.
Compliance | April 1st, 2021 ICON Clinical Research Sued for Excessive Fees The text of the new complaint closely resembles others from the increasingly well-known law firm Capozzi Adler, which has filed...
Compliance | April 1st, 2021 Claims Over Fidelity’s Use of Participant Data Dismissed A federal judge determined participant data is not considered plan assets, meaning Fidelity was not a fiduciary with regard to...
Compliance | March 31st, 2021 Plan Sponsor and Provider Must Still Face Claims in Suit Over Investments Switch More claims were moved forward for the investment consultant than for the plan sponsor.
Compliance | March 25th, 2021 BlackRock Agrees to Settle ERISA Dispute The underlying lawsuit questions fees paid by participants in BlackRock’s own retirement plan.
Compliance | March 17th, 2021 Nextep MEP Sued for Excessive Fees The lawsuit takes particular issue with the use of higher-cost share classes and revenue sharing.
Compliance | March 15th, 2021 Magistrate Judge Says Aon, Alight Can’t Evade PRT Lawsuit The firms allegedly provided a comprehensive set of pension plan termination services to a hospital system client that, according to...
Compliance | March 11th, 2021 USI Insurance Latest to Face ERISA Self-Dealing Complaint The complaint suggests USI and its officers have not operated the company’s retirement plan benefit prudently or loyally.
Compliance | March 4th, 2021 American Red Cross Faces ERISA Lawsuit Plaintiffs say the failure to issue an effective RFP for recordkeeping and a rebranding process for investments led to additional...
Compliance | March 3rd, 2021 Settlement Details Published in Norton Healthcare ERISA Suit The settlement comes with a $5.75 million price tag to be split between the plan sponsor defendant and its financial...
Compliance | February 25th, 2021 BBVA Compass Bancshares Loses Second Attempt to Get ERISA Suit Dismissed Since there were no clear administrative remedies for fiduciary breaches spelled out in plan documents, a federal judge rejected the...
Compliance | February 23rd, 2021 Natixis Accused of Self-Dealing in New Lawsuit The lawsuit alleges that a preference for proprietary investments led to excessive fees and the continuation of underperforming investments in...
Compliance | February 19th, 2021 Proposed Settlement Reached in Cerner ERISA Suit The parties are asking a judge to approve the settlement, which includes monetary and non-monetary terms.
Compliance | February 19th, 2021 Another Schlichter Suit Targets Sponsor and Providers Even cases that allege potential wrongdoing on the part of a service provider are often targeted exclusively at the plan...
Compliance | February 18th, 2021 Settlement Published in Raytheon ‘Actuarial Equivalence’ ERISA Suit The text of the settlement agreement and its accompanying exhibitory documents stretches to nearly 300 pages, underscoring the complexity of...
Compliance | February 16th, 2021 No Entitlement to Summary Judgment in Lowe’s ERISA Case There are so many arguments back and forth in a case alleging imprudence in investment choices for Lowe’s 401(k) plan...
Compliance | February 12th, 2021 T. Rowe Price ERISA Self-Dealing Lawsuit Will Go to Trial Though he expressed doubt about plaintiffs’ path to victory in the lawsuit, a federal judge determined they met the minimum...