Compliance | February 11th, 2021 Appellate Court Opens Door for New Complaint Against Georgetown The appellate court found a lower court erred in denying the plaintiffs’ leave to amend their complaint, meaning the case...
Compliance | February 11th, 2021 Detailed Ruling Leaves Key Claims Standing in Land O’Lakes Suit The mixed ruling comes in response to the Land O’Lakes defendants’ motion to dismiss the suit based on a lack...
Compliance | February 10th, 2021 Abbott Defendants Again Escape ERISA Cybersecurity Lawsuit The court rejected claims in the amended complaint that Abbott’s decision to hire Alight Solutions, another defendant in the case,...
Compliance | February 3rd, 2021 ERISA Fiduciary Breach Lawsuit Targets Coca-Cola Bottler MEP The complaint alleges the defendants failed to choose less costly and equally or better-performing investment options for the plan, or...
Compliance | February 3rd, 2021 Participants in Terminated 403(b) Plan File ERISA Lawsuit The plaintiffs allege the use of actively managed funds and higher-cost share classes caused them to lose millions.
Compliance | January 28th, 2021 Defending Against Excessive Fee Cases: It’s All About Procedure It’s crucial for plan sponsors to have and follow a good investment policy statement and to carefully document the reasons...
Compliance | January 26th, 2021 Intel Prevails Again in Case Over Alternative Investments in TDFs A federal judge found the plaintiffs in most cases did not provide sufficient evidence that the hedge fund and private...
Compliance | January 22nd, 2021 DOL Has a Bone to Pick With DST Systems ERISA Lawsuit Settlements Secretary of Labor Eugene Scalia is fighting his own lawsuit about the matter and objects to a provision in the...
Compliance | January 21st, 2021 ERISA Lawsuit Targets Mercedes-Benz Over Admin Fees According to the complaint, during the class period, the plan paid between $239 and $567 per participant annually for retirement...
Compliance | January 21st, 2021 Takeda Pharmaceuticals Faces ERISA Lawsuit Over TDF Suite in 401(k) Plan The lawsuit says the target-date funds were selected for the plan despite having no performance history and, when they continued...
Compliance | January 15th, 2021 UPenn Agrees to $13M 403(b) Plan Lawsuit Settlement The newly published text of the settlement agreement and accompanying order include significant non-monetary actions to be undertaken by UPenn.
Compliance | January 15th, 2021 Trustee Sued Over Retirement Plan Account Fraud The lawsuit claims the trustee allowed an unauthorized person to take a distribution from a participant’s account and that the...
Compliance | January 15th, 2021 Associated Banc-Corp Accused of Self-Dealing in ERISA Lawsuit Participants have filed a suit alleging the bank used its retirement plan to promote its investment products.
Compliance | January 14th, 2021 Compliance Duties and Litigation Risks in 2021 Attorneys review what regulations plan sponsors must adhere to and legal decisions to keep in mind for the new year.
Compliance | January 14th, 2021 Summary Judgment Denied in BlackRock ERISA Dispute A district court has rejected dueling summary judgment motions filed by the plaintiffs and defendants in an ERISA self-dealing lawsuit...
Compliance | January 12th, 2021 Settlements Reached in Lawsuit Over Sequoia Fund Investment DST Systems and Ruane, Cunniff & Goldfarb have agreed to settle a lawsuit regarding investments in the DST Systems Inc....
Compliance | January 11th, 2021 District Judge Grants Dismissal of Vail Resorts ERISA Lawsuit Central to the dismissal is the consideration of several issues of standing.
Compliance | January 11th, 2021 VALIC Sued Over Surrender Fees Charged to 401(k) Plan The lawsuit says VALIC engaged in a prohibited transaction, as well as self-dealing, in violation of ERISA when surrender fees...
Compliance | January 11th, 2021 Supreme Court Appeal Filed in Wells Fargo Stock-Drop Case The appeal asks whether an earlier Supreme Court ruling means ESOP fiduciaries are effectively immune from duty-of-prudence liability for the...
Compliance | January 8th, 2021 Parties Reach Settlement Over Funding of St. Joseph Health Services Pension Plan The lawsuit alleged that after the plan no longer qualified as a ‘church plan,’ it failed to be funded according...