Tag: retirement plan litigation

The lawsuit alleged plan fiduciaries acted for their own benefit by forcing participants to choose among costly investments managed by...

However, the case was sent back to a federal district court to determine whether ERISA’s church-plan exemption violates the Establishment...

Plan sponsors should continue to pay attention to litigation and consider what litigation may arise.

The plaintiffs have successfully amended their complaint and “plead charts, comparative studies and specific facts” necessary to proceed into discovery.

A last ditch effort to point out that another circuit found no evidence of fiduciary misconduct in a similar case...

The complaint echoes other cases challenging actuarial assumptions used in calculating DB plan benefits.

A new district court ruling finds Fidelity liable for certain fiduciary breaches in the operation of its own retirement plan,...

The parties say they have reached a confidential settlement resolving all claims.

The complaint says plan fiduciaries failed to negotiate fixed-interest contract terms for the 401(k) that were as good as the...

Throughout the 7th Circuit’s decision, it contends the plaintiffs put forth their own opinions and preferences rather than evidence of...

It was the documented process of the multiemployer plan trustees’ considerations of withdrawal proposals by Kroger that helped them win...

A court judgment requires the fiduciaries to not only restore the unremitted repayments to the plan, but also $16,782.80 in...

The DOL alleges that the company’s president influenced an appraiser’s valuation and the ESOP’s trustee didn’t do his due diligence...

The judge rejected the defendants’ argument that the complaint cannot be based solely on the funds’ underperformance but must contain...

Motives behind keeping higher cost, underperforming funds in plan alleged in the lawsuit include providing seed money for Wells Fargo...

The lawsuit was previously dismissed because the alleged breach of fiduciary duty involved the amendment of plan benefits, which is...

Underlying investments in funds using BOK’s CIT structure, as well as the use of BOK’s proprietary money market fund, are...

Case documents show Salesforce has actually changed some of the practices that are criticized in the complaint, but the plaintiffs...

The underlying lawsuit alleged that SunTrust Bank’s 401(k) plan engaged in corporate self-dealing at the expense of plan participants.

The firm has also agreed to offer non-proprietary ETFs in its 401(k) plan’s self-directed brokerage account.