Tag: retirement plan litigation

A nonprofit was allowed to file for bankruptcy and exit the Kentucky Retirement System, but a federal court has ruled...

The plaintiffs suggest the firm’s fiduciary failures were either from lack of a prudent process or from interest in getting...

The case against American Airlines is one of several alleging that the use of outdated mortality tables in determining DB...

The complaint points to 2018 as an example year, suggesting that a significant percentage of funds in the plan at...

One distinguishing feature in an otherwise boilerplate complaint is the pointed criticism of the plan’s recordkeeper, despite the fact that...

The Kentucky Supreme Court said it ‘recognizes that plaintiffs allege significant misconduct,’ but it found they lacked standing to bring...

A federal judge found claims by a participant in the Goldman Sachs 401(k) plan sufficiently plead imprudence and disloyalty.

The class action settlement agreement includes $21.6 million in cash payments, with no admission of wrongdoing by the plan’s fiduciaries.

Much of the complaint is dedicated to discounting the use of an actively managed TDF suite rather than a less...

The text of the dismissal ruling relies heavily on precedent set by the United States 7th Circuit Court of Appeals.

The lawsuit also calls out the use of an investment manager’s proprietary actively managed funds and the plan sponsor’s failure...

The parties’ proposed settlement agreement impermissibly releases claims that go beyond the scope of the allegations in the operative complaint.

The lawsuit accused plan fiduciaries of using the plan as an opportunity to promote Fidelity’s mutual fund business at the...

Multiple lawsuits have been filed recently that question the offering of active management funds to retirement plan participants.

Though the majority of investment options for Estee Lauder’s 401(k) are CITs, the lawsuit argues the TDFs are more expensive...

In a brief filed in the 9th U.S. Circuit Court of Appeals, the DOL argues that employer actions mandated by...

The warehouse club is also accused of breaching ERISA fiduciary duties by allowing the plan to pay ‘unreasonably high’ recordkeeping...

The 2nd U.S. Circuit Court of Appeals has re-established its previous ruling in favor of the plaintiffs.

The plaintiffs in the lawsuit were waiting on distributions of their account valued at the end of last year when...

A pension fund challenged the use of the Segal Blend to assess its withdrawal liability from a multiemployer plan instead...