Tag: retirement plan litigation

Even cases that allege potential wrongdoing on the part of a service provider are often targeted exclusively at the plan...

The text of the settlement agreement and its accompanying exhibitory documents stretches to nearly 300 pages, underscoring the complexity of...

There are so many arguments back and forth in a case alleging imprudence in investment choices for Lowe’s 401(k) plan...

Though he expressed doubt about plaintiffs’ path to victory in the lawsuit, a federal judge determined they met the minimum...

The appellate court found a lower court erred in denying the plaintiffs’ leave to amend their complaint, meaning the case...

The mixed ruling comes in response to the Land O’Lakes defendants’ motion to dismiss the suit based on a lack...

The court rejected claims in the amended complaint that Abbott’s decision to hire Alight Solutions, another defendant in the case,...

The complaint alleges the defendants failed to choose less costly and equally or better-performing investment options for the plan, or...

The plaintiffs allege the use of actively managed funds and higher-cost share classes caused them to lose millions.

It’s crucial for plan sponsors to have and follow a good investment policy statement and to carefully document the reasons...

A federal judge found the plaintiffs in most cases did not provide sufficient evidence that the hedge fund and private...

Secretary of Labor Eugene Scalia is fighting his own lawsuit about the matter and objects to a provision in the...

According to the complaint, during the class period, the plan paid between $239 and $567 per participant annually for retirement...

The lawsuit says the target-date funds were selected for the plan despite having no performance history and, when they continued...

The newly published text of the settlement agreement and accompanying order include significant non-monetary actions to be undertaken by UPenn.

The lawsuit claims the trustee allowed an unauthorized person to take a distribution from a participant’s account and that the...

Participants have filed a suit alleging the bank used its retirement plan to promote its investment products.

Attorneys review what regulations plan sponsors must adhere to and legal decisions to keep in mind for the new year.

A district court has rejected dueling summary judgment motions filed by the plaintiffs and defendants in an ERISA self-dealing lawsuit...

DST Systems and Ruane, Cunniff & Goldfarb have agreed to settle a lawsuit regarding investments in the DST Systems Inc....