Compliance | January 6th, 2021 Another Fiduciary Breach Lawsuit Filed Against Allstate The new complaint states that the Allstate defendants mishandled the process of picking the plan’s default target-date fund suite.
Compliance | December 24th, 2020 Independent Fiduciary Appointed to Distribute $1.5M in Abandoned Plans The plans were abandoned after the plan provider owners took their own lives.
Compliance | December 21st, 2020 Why Some ERISA Litigation Trends May Turn in 2021 It may seem like the pace of ERISA litigation will never slow down, but one ERISA attorney says he is...
Compliance | December 11th, 2020 Community Health Systems Settles ERISA Challenge The proposed settlement is only between the plan sponsor and the plaintiffs, meaning the allegations against Principal are still in...
Compliance | December 10th, 2020 Effects of COVID-19 Could Spark More Retirement Plan Litigation in 2021 Industry experts say market volatility and cybersecurity issues could lead to new lawsuits.
Compliance | December 8th, 2020 Court Grants Dismissal of Rollins Inc. ERISA Challenge A federal judge concluded that the plaintiffs have failed to exhaust potential administrative remedies.
Compliance | December 7th, 2020 Lawsuit Filed on Behalf of Cognizant Technology 401(k) Plan Participants The lawsuit alleges plan fiduciaries failed to ensure plan investments and fees were prudent.
Compliance | December 7th, 2020 Second Case Against Cerner Dismissed Then Reopened The parties are now discussing a potential settlement, according to the court docket.
Compliance | December 4th, 2020 UPenn Will Settle ERISA Fiduciary Breach Lawsuit The filing of a stay motion related to a forthcoming settlement represents the beginning of the end for the complicated...
Compliance | November 30th, 2020 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...
Compliance | November 30th, 2020 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...
Compliance | November 30th, 2020 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...
Compliance | November 24th, 2020 $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...
Compliance | November 24th, 2020 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...
Compliance | November 20th, 2020 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...
Compliance | November 13th, 2020 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...
Compliance | November 11th, 2020 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,...
Compliance | November 9th, 2020 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...
Compliance | November 4th, 2020 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 | November 4th, 2020 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...